China's tech firms to post slower June-quarter growth on sagging demand

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China's tech firms to post slower June-quarter growth on sagging demand
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China's top technology, e-commerce and consumer electronic firms are set to...

Net income at these companies is expected to grow 9%, versus a galloping 50% increase a year earlier.

* JD.com, which is expected to report earnings on Tuesday, could manage to eke out a small profit by curbing costs. But with fewer consumers buying household appliances and electronics, the online retailer is likely to post its slowest revenue growth in at least five years. * Tencent is expected to post profit growth of 24%, versus a 2% decline a year earlier, helped by adoption of its patriotic-themed video games and cloud services. The music-streaming unit it backs - Tencent Music - on Monday missed revenue estimates as it reported the slowest increase in a widely watched metric for growth since its debut in December.

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