Tencent Shareholder Naspers Expects Higher Performance, Driven By Growth
The investor—which owns a 26% stake in Tencent—forecast higher headline earnings for its first half and said it expects sustained growth, with a focus on AI and technology.
Tencent signals slow AI monetisation; gaming drives 8% Q3 revenue growth
Chinese gaming and social media leader Tencent Holdings said its investment in artificial intelligence has yet to turn into significant revenue and may take several quarters to have a meaningful impact on earnings.
Games Recovery Lifts China’s Tencent to 47% Quarterly Profit Increase
Sometimes described as the world’s largest games company in revenue terms, China’s Tencent increased its net profits by 47% in the three months from July to September. Gains were driven by both its domestic and international games businesses.
Tencent Reports 47% Profit Jump as Games and AI Drive Growth
Tencent posted a stronger-than-expected 47% profit surge in the third quarter, driven by gains in gaming, advertising, and cloud services, as announced on Wednesday. The Chinese social media and gaming giant reported profit attributable to shareholders rose to 53.
Tencent's Q3 revenue grows as gaming unit gains momentum
Michael Vi. Tencent's (OTCPK:TCEHY) (OTCPK:TCTZF) third quarter revenue grew 8% year-over-year as recovery in its gaming business gained speed. Total revenues for Tencent — a vi
Tencent challenges Amazon and Microsoft's cloud dominance by tapping into its WeChat ecosystem
Tencent Cloud is increasingly leveraging the WeChat ecosystem to set itself apart from other cloud service competitors, CEO ...
Tencent Cloud To Take On Big Three With WeChat's Integrated Super App Ecosystem
Tencent Cloud CEO Dowson Tong reveals plans to revolutionize cloud computing with WeChat's integrated super app ecosystem, ...
At least Tencent can retreat into a virtual world
There's a least one demographic in China that's opening up their wallets: gamers. That cohort helped power a one-third rise ...
Tencent Signals Gradual China Recovery After Gaming Arm Revives
Tencent Holdings Ltd.’s revenue rose 8% after the summer release of Dungeon & Fighter Mobile helped China’s most valuable ...
Why Tencent Holdings Stock Triumphed Today
On a generally gloomy Thursday for the stock market, Tencent Holdings ( TCEHY 3.05%) was something of a standout. On the ...
Tencent Profit Momentum Continues on Gaming Strength
Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.
Tencent price target raised to $66 from $65 at Barclays
Barclays raised the firm’s price target on Tencent (TCEHY) to $66 from $65 and keeps an Overweight rating on the shares. The company ...
Tencent brings Android games to Microsoft Store on Windows 110 0
Microsoft has partnered with Tencent to bring Android apps and games to Windows 11 users in China. This partnership allows ...
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Tencent Music is using AI to create viral content… and three other things we learned on the company’s Q3 earnings call
The music streaming operator is working to differentiate its services amid a long-running slump in monthly active users.
Tencent opening its ecosystem will help transaction volume growth: Analyst
Julia Pan of UOB Kay Hian says a landmark cooperation between WeChat Pay and other e-commerce sites will help boost Tencent's ...