The shine is off Asia’s market darling.

Tencent Holdings Ltd. shares fell as much as 5% on Thursday in Hong Kong after the Chinese tech giant reported its first quarterly profit drop in more than a decade. The selloff extended a rout that has wiped out more than $175 billion of the company’s market value since January.

The underwhelming performance…



READ SOURCE

READ  Cookie monster eats data from Sesame Street store

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here