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Tencent misses estimates with ~$20.1B in Q1 revenue, up 0% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Tencent misses estimates with ~$20.1B in Q1 revenue, up 0% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak  —  Tencent Holdings Ltd. posted its slowest revenue gain on record, after a sweeping government crackdown and Chinese economic malaise …