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Chinese tech giant Tencent posts 13% revenue jump as growth at key gaming unit surges
Tencent on Wednesday reported an annual rise in its top and bottom line in the first quarter fuelled by accelerated growth in its key gaming business. Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.
China's Tencent first-quarter revenue rise 13%, exceeds estimates
Tencent Holdings , China's biggest technology company by market capitalization, posted a 13% rise in first-quarter revenue on Wednesday, driven by growth in its gaming business.
TCEHY Set to Report Q1 Earnings: What's in Store for the Stock?
Tencent's first-quarter 2025 performance is expected to benefit from continued momentum in its games and initiatives across AI and advertising.
Pony.ai teams up with Tencent for robotaxi services on WeChat, other apps
Pony.ai said the deal would include cooperation in areas such as cloud services, map data, information security, and intelligent cockpit ecosystems. The arrangement will also see the two companies integrate Pony.ai's robotaxi ride-hailing services within Tencent applications including WeChat.
Prosus: Best Proxy To Internet Giant Tencent
Prosus offers a low-risk entry to China's internet growth via Tencent, trading at a near 40% discount to NAV. An ongoing buyback program is funded with proceeds from selling Tencent shares. It shall continue to boost NAV per share for Prosus investors. I initiate the stock with a buy rating based on a narrower NAV gap and potential upside in Tencent.
Ubisoft: The Tencent Deal Could Spark A Game-Changing Comeback
Tencent's $1.25B investment significantly improves Ubisoft's balance sheet and supports long-term growth. Deepening relationship with Tencent might unlock new revenue streams in Asia and improves Ubisoft's mobile gaming prospects. Ahead-of-schedule restructuring and early success signs from AC Shadows lay groundwork for sustainable earnings growth.
Tencent: Leveraging Its Extensive Digital Network Distribution To Lead AI Revolution
Tencent is set to become a leading Chinese AI player, leveraging its extensive digital service distribution network and significant investments in AI technology. The company's CAPEX investments surged to $10.7 billion, focusing on GPUs, servers, and data centers, positioning it ahead of rivals like Baidu and Alibaba. Tencent's vast digital ecosystem, including WeChat, gaming, and music platforms, provides a unique advantage to integrate and monetize AI functionalities across its services.
Is Tencent (TCEHY) Stock Outpacing Its Computer and Technology Peers This Year?
Here is how Tencent Holding Ltd. (TCEHY) and Domo (DOMO) have performed compared to their sector so far this year.
Tencent-backed China Ruyi aims to raise up to $500 million in convertible bonds, sources say
Streaming media firm China Ruyi Holdings , backed by gaming and internet company Tencent , is aiming to raise between $300 million and $500 million in convertible bonds next week, two sources with knowledge of the plan said.
Tencent Makes a $1.25 Billion Bet On Ubisoft's 'Assassin's Creed' and 'Far Cry'
Assassin's Creed maker Ubisoft is creating a new unit with China's Tencent to handle its most popular franchises, including Assassin's Creed, Far Cry and Rainbow Six. The new unit will be worth more than $4 billion.
Ubisoft shares surge as Tencent invests in new unit housing franchises like Assassin's Creed
Shares of Ubisoft Entertainment surged on Friday after the French video game company announced plans to create a new subsidiary that will house some of its most popular franchises. Chinese tech giant Tencent will invest €1.16 billion ($1.
Assassin's Creed-maker Ubisoft's shares surge 11% on deal to spin off top game franchises
Ubisoft shares surged 11% Friday after revealing plans to form a new gaming subsidiary backed by Tencent. Tencent will invest 1.16 billion euros ($1.25 billion) into the unit in a transaction valuing it at 4 billion euros.
