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China's Tencent misses expectations despite fastest profit rise since late 2021

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China's Tencent misses expectations despite fastest profit rise since late 2021


Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations, as its cost-cutting measures began to pay off and sales rose…

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