
Tencent stock tumbles after China crackdown hits growth
CNN
Tencent's stock suffered a sharp drop after the company reported its slowest-ever growth due to a bruising crackdown by China on the country's tech sector.
Shares in the Chinese social media and gaming giant tumbled around 6% in Hong Kong on Thursday after its US-listed shares closed 5.4% lower on Wall Street.
The stock plunge came after Tencent (TCEHY) reported revenue of 144.2 billion yuan ($22.6 billion) for the fourth quarter of 2021, up 8% from a year earlier. That's the slowest revenue growth since the company listed on the Hong Kong Stock Exchange in 2004.

The US Centers for Disease Control and Prevention has been tracking abortion trends for decades, but this year’s report — including some of the earliest federal data reflecting the effect of significant changes to abortion access nationwide – has been pushed back until spring amid turmoil at the federal agency.












