ADVERTISEMENT

Down US$82b in value, Tencent faces worst margins on record


HONG KONG: After the giddy heights of January when its shares hit an all-time high, Tencent Holdings Ltd. has shed $82 billion in value as investors price in the costs of the internet giant’s massive spending spree.

Results on Wednesday are expected to show that rising costs and investments will hurt profitability at Asia’s biggest listed company. 

Corporate News

   

ADVERTISEMENT