Tencent to Continue Cost-Cutting Measures Despite First Decline in Annual Revenue
Tencent Holdings announced on Thursday its plans to concentrate on its core business while implementing cost-cutting measures and enhancing efficiencies. This decision comes as the company reported its first-ever decline in annual revenue. In 2022, Tencent, the world’s largest video game company and operator of the WeChat messaging platform, recorded revenue of CNY 554.55 billion …