China Internet heavyweight Tencent said on Wednesday net profit fell by more than half in the first three months of the year and revenue was flat as a surge of Covid in the country hit individual and businesses users.
Net profit was 23.4 billion yuan, or $3.5 billion compared with 48.8 billion yuan a year ago.
Tencent Profit Plunges 51% Amid China Covid Surge, Revenue Flat comes via ChinaTechNews.com.
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