ChipsTechNodeabout 2 months ago
Tencent rules out major layoffs, cites difference from Silicon Valley
1 min read
Tencent President Liu Chiping said at the shareholder meeting that the company has no plans for large-scale layoffs, distinguishing Tencent from Silicon Valley firms. The company reported Q1 2026 revenue of RMB 196.46 billion, up 9% year-on-year, and net profit of RMB 58.1 billion, up 21%.
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