Video game revenues decline for first time on record amid Beijing’s regulatory crackdown and strict pandemic curbs.

Shenzhen-based electric carmaker sold more than 641,000 vehicles in the first half of 2022.

Many entertainment establishments across China remain closed months after the lifting of sweeping lockdowns.

Chinese tech giant has floated prospect of entering lucrative market currently dominated by Meituan and Ele.me.

Tens of thousands of workers have been let go amid a regulatory crackdown and overly aggressive expansion.

Beijing is continuing its strict oversight of the gaming sector despite lifting nine-month freeze on new titles.