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Tencent lays off over 5000 workers following Q2 revenue decline

Chinese gaming giant Tencent has developed a gap in its business armor: The company’s second quarter earnings report has posted a decline in quarterly revenue, dropping by 3% to $19.7 billion when compared to the same quarter last year, and the first for the games giant since its 2004 public listing. Gross profits further fell […]

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Author: Chris Neal