Tencent Holdings Ltd UNS ADR (TCEHY)
Tencent joins China's AI spending race with 2025 capex boost
Chinese technology giant Tencent said on Wednesday it would boost capital expenditure in 2025, as it strengthens artificial intelligence development and infrastructure.
China's Tencent sees profits surge as AI drive accelerates
Chinese internet and gaming giant Tencent said on Wednesday that profits in the fourth quarter of 2024 surged 90% as the firm accelerates a push into artificial intelligence (AI).
Tencent's Revenue Growth Accelerates on Robust Gaming Business
Tencent nearly doubled its profit as the Chinese technology giant continued to build on its gaming momentum.
Tencent fourth-quarter profit surges 90% on gaming and advertising boost
Tencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in gaming and advertising revenue. Revenue came in at 172.4 billion Chinese yuan ($23.9 billion) versus 168.9 billion yuan expected.
China's Tencent Q4 revenue exceeds estimates
Chinese technology giant Tencent Holdings posted on Wednesday a 11% rise in fourth-quarter revenue, driven by growth in its gaming business.
Tencent Music beats estimates as AI enhances user experience
Tencent Music Entertainment Group shares surged following fourth-quarter earnings that exceeded expectations that reinforced its strategic focus on high-quality growth and artificial intelligence (AI) to enhance user engagement. Tencent Music's total revenue rose 8.2% year-over-year to RMB7.46 billion, exceeding consensus estimates by 2.2%.
Tencent expands AI push with open-source 3D generation tools
Tech giant Tencent on Tuesday unveiled a suite of new artificial intelligence tools capable of converting text and images into 3D visuals in the latest example of growing Chinese momentum in the field of generative AI.
Tencent Music Entertainment beats quarterly revenue estimates
Tencent Music Entertainment beat analysts' expectations for fourth-quarter revenue on Tuesday, backed by the strong growth of streaming services.
The Zacks Analyst Blog Tencent, Alibaba, Baidu, JD.com and PDD Holdings
Tencent, Alibaba, Baidu, JD.com and PDD Holdings are included in this Analyst Blog.
Tencent joins the AI arms race as it moves to rival DeepSeek
Tencent Holdings (HKG:0700, OTC:TCEHY) has launched Hunyuan Turbo S, its latest AI model, as competition heats up in the US-China tech race. The new system is designed for instant responses, setting it apart from DeepSeek's deep reasoning approach.
Tencent releases new AI model, says replies faster than DeepSeek-R1
Chinese tech giant Tencent on Thursday released a new AI model that it claims can answer queries faster than global hit DeepSeek-R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China.
Tencent: A Potential New Bull Market Is Taking Shape
Tencent remains a "Buy" due to its strong economic moat, solid growth prospects, and reasonable valuation despite recent stock price increases. China's macroeconomic outlook shows signs of improvement, with GDP growth expected to be 4.6% in 2025, potentially leading to a long-term bull market. Tencent's Q3 2024 results show solid growth with revenue up 8.1% YoY, operating profit up 20.3% YoY, and free cash flow up 14.5% YoY.
