Tencent Posts Biggest Profit Decline Since 2004, Freeze on New Game Licences Scaled Down Revenue | Technology News

Tencent Posts Biggest Profit Decline Since 2004, Freeze on New Game Licences Scaled Down Revenue Tencent, Chinese gaming and social media giant, reported virtually no growth in first-quarterly revenue, its worst ever such performance. China's economic slowdown and a freeze on new game licences weighed on its business.