Tencent Reports Its First-Ever Revenue Drop as Regulations and Covid-19 Bite

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Tencent Reports Its First-Ever Revenue Drop as Regulations and Covid-19 Bite

Reuters2022-08-17

HONG KONG, Aug 17 (Reuters) - China's Tencent Holdings(0700.HK)reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak economy that squeezed ad sales.

Tencent, the world's largest video game company and the operator of the WeChat messaging platform, said revenue fell 3% to 134.034 billion yuan ($19.78 billion) for the three months ended June 30.

Analysts on an average expected 134.6 billion yuan, according to Refinitiv Eikon data.

($1 = 6.7756 Chinese yuan renminbi)

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tig2021
·2022-08-18
Ok
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r39
·2022-08-18
[Sad]
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GANCL
·2022-08-17
Bad news
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SherryVJ
·2022-08-17
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2
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Benstonk
·2022-08-17
Game changing.
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Grolar
·2022-08-17
I'm starting to despair for my Chinese ADR's holdings.
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StockMaskter
·2022-08-17
The last hope of china stock also dashed. Goner after Ali BaBa..
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runningjames
·2022-08-17
Wow...
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Footixx
·2022-08-17
😩
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Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"","article_id":"1187491972","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187491972","pubTimestamp":1660725642,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"HONG KONG, Aug 17 (Reuters) - China's Tencent Holdings(0700.HK)reported on Wednesday its first ever ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"translate_title":"腾讯控股报告称，由于监管和新冠肺炎的影响，其收入首次下降","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":0.9,"TCEHY":0.9},"content_text":"HONG KONG, Aug 17 (Reuters) - China's Tencent Holdings(0700.HK)reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak economy that squeezed ad sales.Tencent, the world's largest video game company and the operator of the WeChat messaging platform, said revenue fell 3% to 134.034 billion yuan ($19.78 billion) for the three months ended June 30.Analysts on an average expected 134.6 billion yuan, according to Refinitiv Eikon data.($1 = 6.7756 Chinese yuan 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changing.&nbsp;","listText":"Game changing.&nbsp;","text":"Game changing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993799782","repostId":1187491972,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993709597,"gmtCreate":1660726261122,"gmtModify":1676536387455,"author":{"id":"4108109426068660","authorId":"4108109426068660","name":"Grolar","avatar":"https://static.itradeup.com/news/1ca21e1339b3dbfd2b11b982a43ea55a","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"I'm starting to despair for my Chinese ADR's holdings.","listText":"I'm starting to despair for my Chinese ADR's holdings.","text":"I'm starting to despair for my Chinese ADR's holdings.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993709597","repostId":1187491972,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993709925,"gmtCreate":1660726166070,"gmtModify":1676536387440,"author":{"id":"3571912128804490","authorId":"3571912128804490","name":"StockMaskter","avatar":"https://static.tigerbbs.com/54423ee24d3d1b6ee5a616d52dcb245a","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1},"htmlText":"The last hope of china stock also dashed. Goner after Ali BaBa..","listText":"The last hope of china stock also dashed. Goner after Ali BaBa..","text":"The last hope of china stock also dashed. Goner after Ali BaBa..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993709925","repostId":1187491972,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993700396,"gmtCreate":1660725982318,"gmtModify":1676536387415,"author":{"id":"4117336023184202","authorId":"4117336023184202","name":"runningjames","avatar":"https://community-static.tradeup.com/news/3467c93ce8ec8c583f28f405e68f0c00","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Wow...&nbsp;","listText":"Wow...&nbsp;","text":"Wow...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993700396","repostId":1187491972,"repostType":2,"repost":{"id":"1187491972","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1660725642,"share":"https://www.laohu8.com/m/news/1187491972?lang=&edition=full","pubTime":"2022-08-17 16:40","market":"hk","language":"en","title":"Tencent Reports Its First-Ever Revenue Drop as Regulations and Covid-19 Bite","url":"https://stock-news.laohu8.com/highlight/detail?id=1187491972","media":"Reuters","summary":"HONG KONG, Aug 17 (Reuters) - China's Tencent Holdings(0700.HK)reported on Wednesday its first ever ","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/63dc0470d7874df99efdd7843349d719\" tg-width=\"6131\" tg-height=\"4087\" referrerpolicy=\"no-referrer\"/>HONG KONG, Aug 17 (Reuters) - China&#39;s Tencent Holdings(0700.HK)reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak economy that squeezed ad sales.</p><p>Tencent, the world&#39;s largest video game company and the operator of the WeChat messaging platform, said revenue fell 3% to 134.034 billion yuan ($19.78 billion) for the three months ended June 30.</p><p>Analysts on an average expected 134.6 billion yuan, according to Refinitiv Eikon data.</p><p>($1 = 6.7756 Chinese yuan renminbi)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent Reports Its First-Ever Revenue Drop as Regulations and Covid-19 Bite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Reports Its First-Ever Revenue Drop as Regulations and Covid-19 Bite\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-17 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/63dc0470d7874df99efdd7843349d719\" tg-width=\"6131\" tg-height=\"4087\" referrerpolicy=\"no-referrer\"/>HONG KONG, Aug 17 (Reuters) - China&#39;s Tencent Holdings(0700.HK)reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak economy that squeezed ad sales.</p><p>Tencent, the world&#39;s largest video game company and the operator of the WeChat messaging platform, said revenue fell 3% to 134.034 billion yuan ($19.78 billion) for the three months ended June 30.</p><p>Analysts on an average expected 134.6 billion yuan, according to Refinitiv Eikon data.</p><p>($1 = 6.7756 Chinese yuan renminbi)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187491972","content_text":"HONG KONG, Aug 17 (Reuters) - China's Tencent Holdings(0700.HK)reported on Wednesday its first ever quarterly sales fall, hurt by a lack of game approvals and regulations that limit playing time, as well as COVID-19 lockdowns and a weak economy that squeezed ad sales.Tencent, the world's largest video game company and the operator of the WeChat messaging platform, said revenue fell 3% to 134.034 billion yuan ($19.78 billion) for the three months ended June 30.Analysts on an average expected 134.6 billion yuan, according to Refinitiv Eikon data.($1 = 6.7756 Chinese yuan renminbi)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993477355,"gmtCreate":1660725865779,"gmtModify":1676536387392,"author":{"id":"3572228950547010","authorId":"3572228950547010","name":"Footixx","avatar":"https://static.tigerbbs.com/286a694c51da40f13325f2f7cd6b8851","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"😩","listText":"😩","text":"😩","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993477355","repostId":1187491972,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":41,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}