Tencent's profit falls for first time in nearly 13 years
Chinese technology giant Tencent Holdings on Wednesday reported its first quarterly profit fall in nearly 13 years. Tencentâs profit in June quarter fell by 2% to $2.6 billion, while revenue grew by 30% to $10.6 billion. Tencent said it was yet to receive regulatory approval in China to start charging for its PlayerUnknown's Battlegrounds (PUBG) video game.