Tencent and Alibaba have lost more value this year than any other company in the world - Technology News, Mobile Technology News, Videos, and Review | Techbrinks

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Monday, 15 August 2022

Tencent and Alibaba have lost more value this year than any other company in the world


Bloomberg reports that Tencent, a company that almost became China's second trillion-dollar firm 18 months ago, is set to record its first quarterly revenue decline since the 2008 financial crisis. Much of its woes are down to slowing gaming sales and the country's crackdown on the industry.

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