China Literature, Tencent’s e-book subsidiary, reported an 84.1% plunge in net profit for the first half of 2026.
Net profit for the period fell to 135 million yuan.
Total revenue rose 10.7% to 3.53 billion yuan, supported by intellectual property operations.
Revenue from short and AI-animated dramas increased 2.3-fold.
The company did not declare a dividend.
Tencent shares dropped 2.2% on August 11.
This movement contributed significantly to the decline of the Hang Seng Index.
The stock slide occurred ahead of Tencent’s own interim results scheduled for Wednesday.