Tencent Reports Surge in Profit for Q2, But Misses Expectations
Tencent Reports Surge in Profit for Q2, Missing Expectations Tencent, a Chinese technology giant, reported a significant increase in profit for the second quarter. However, the company fell short of expectations. Despite this, Tencent’s cost-cutting measures started to yield positive results, with sales rising in its core gaming business, as well as its cloud and…