Tencent posts 8% revenue growth on gaming rebound, sees slow AI uptake
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, extending momentum in its gaming business, while growth in its fintech segments softened amid China's economic headwinds.
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.
Chinese Tech Giant Tencent Posts 8% Revenue Growth In Q3
Chinese tech giant Tencent on Wednesday posted an eight percent year-on-year expansion in third-quarter revenue, driven by what it called "robust" growth in its gaming business.
Tencent beats estimates with 47% profit jump, driven by video gaming
Tencent Holdings, operator of China's biggest social media app and the world's largest video gaming business by revenue, beat analyst estimates with a 47 per cent profit jump in the third quarter, helped by renewed growth in the video gaming segment.
Tencent signals slow AI monetisation; gaming drives 8% Q3 revenue growth
BEIJING (Reuters) -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.
Tencent’s Revenue Up 8% in Q3, Slightly Misses Forecasts; Profits Jump on Gaming, Ads Gains
Tencent's third-quarter profits rose 47%, exceeding estimates, with gains from gaming, advertising, and cloud services. Revenue grew 8% annually, slightly below forecasts. Tencent’s AI tools aided cloud and marketing services,
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
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 to Invest $500 Million in Cloud Infrastructure in Indonesia
Tencent Holdings plans to set up its third internet data center in Indonesia, as the Chinese tech giant furthers its ...
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Top 8 Cloud Platform Services Ranked: Azure, AWS, Google Lead Gartner Magic Quadrant
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ZainTECH and Tencent collaborate to introduce advanced Digital Twin applications regionally
ZainTECH, the integrated digital solutions provider of Zain Group, announces a compelling collaboration with Tencent Cloud, a ...
Tencent Cloud Commits $500 Million for Infrastructure Development in Indonesia by 2030
GoTo Group, Tencent Cloud, and Alibaba Cloud sign agreements to enhance cloud infrastructure and digital talent in Indonesia ...
Tencent plans to invest $500M in Indonesia to boost cloud infrastructure
Tencent plans to establish its third internet data center in Indonesia, expanding team up with Alibaba (BABA) and GoTo to ...
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Tencent to invest $500m for data center development in Indonesia
Tencent Holdings is set to invest $500 million as part of plans to develop a third data center in Indonesia. The investment ...
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Tencent in solid Q3 earnings, thanks to strong domestic gaming performance
Tencent Holdings, the Chinese gaming and social media giant, reported an 8% year-on-year revenue gain to $23.2 billion during ...