Chinese internet stocks are getting slammed after Tencent's profit drops for the first time in almost 13 years

China stock investorsKevin Frayer/Getty Images

Chinese tech stocks slid Wednesday in US trade after Tencent reported a surprise 2% drop in second-quarter net profit, the first decline for the Chinese tech giant in nearly 13 years.

The results were dragged down by slowing growth in mobile gaming and a decline in PC gaming. Mobile gaming revenue jumped 19% year-over-year, making for a sequential decline of 19%. Meanwhile, PC gaming revenue fell 5% versus a year ago.

Those results are causing a sharp reaction in Chinese internet stocks across the board. Here's the scoreboard:

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