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

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:

• Bilibili (BILI) -12%
• Huya (HUYA) -9%
• Pinduoduoan (PDD) -7%
• JD.com (JD) -6%
• IQiyi, the Netflix of China, (IQ) -5.2%
• YY (YY) -5%
• Alibaba (BABA) -4%
• Weibo (WB) -4%
• Baidu, the Google of China, (BIDU) -3%
• Renren, the Facebook of China, (RENN) -2%

NOW WATCH: How LeBron James makes and spends his millions