Tencent revenues fail to grow for first time since 2004 IPO

President says it will take time for tech sector to benefit from Beijing's support

Analysts had expected quarterly revenues for the social media and gaming company to grow about 4% from a year earlier. © Reuters

CISSY ZHOU, Nikkei staff writerMay 18, 2022 19:04 JSTUpdated on May 19, 2022 00:11 JST | China

HONG KONG -- Tencent Holdings' quarterly revenues have failed to grow for the first time since the company's 2004 initial public offering.

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