Related News

Narumon Bowonkitwanchai | Moment | Getty Images Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared more than 500% on their market debut Wednesday, after the company raised nearly $600

Waymo co-CEOs (L-R): Tekedra Mawakana and Dmitri Dolgov Waymo Self-driving car company Waymo is in talks to raise $15 billion in funding in the new year. The robotaxi company plans

Tesla electric vehicles (EV) in front of the company’s store in Colma, California, US, on Monday, Nov. 10, 2025. David Paul Morris | Bloomberg | Getty Images A California administrative

CNBC’s Jim Cramer on Tuesday proposed that action from Oracle could slow down other hyperscalers’ enormous artificial intelligence spending, saying the OpenAI partner should show “discipline.” “Oracle already has a

Lovable cofounders Anton Osika and Fabian Hedin. Credit: Lovable Vibe coding startup Lovable’s latest funding round values the firm at $6.6 billion and includes U.S. VC firm Accel, sources with

Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode. Brandon Bell | Getty Images Instagram users will now

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Tencent earnings surge on AI boost, Q2 revenue up 15% as gaming sales jump 35% amid global competition

Word Count: 595 | Estimated Reading Time: 3 minutes


Tencent earnings surge on AI boost, Q2 revenue up 15% as gaming sales jump 35% amid global competition

Chinese internet giant Tencent on Wednesday posted its third straight quarter of double-digit revenue growth, beating market forecasts, as it accelerated the rollout of artificial intelligence (AI) features across its gaming portfolio and flagship WeChat app.Shenzhen-based Tencent, which operates the multi-functional WeChat platform and is a major global gaming player, also has significant operations in cloud computing, entertainment, and AI. Its Yuanbao chatbot remains among the most widely used AI tools in China, AFP reported.Revenue for the three months ended June 30 rose 15% year-on-year to 184.5 billion yuan ($25.7 billion), according to a filing to the Hong Kong Stock Exchange, surpassing Bloomberg’s projection of an 11% increase.For the first half of 2025, revenue climbed 14% over the previous year. Domestic game sales rose 17% in Q2, while international gaming revenue surged 35%. Net profit for the quarter grew 17% to 55.6 billion yuan.“We delivered double-digit revenue and operating profit growth on a year-on-year basis, as we invested in, and also benefited from, utilising AI,” Tencent said. The company noted it had “enriched AI features” in WeChat and “deployed AI tools” in its games.Following the debut of Chinese firm DeepSeek’s low-cost chatbot in January — which shook the global AI market — Tencent, along with rivals Alibaba and ByteDance, has ramped up investment in the sector.Tencent was among the tech majors affected by China’s regulatory crackdown starting in late 2020, but recent signals from Beijing point to a more conciliatory stance, even as restrictions on minors’ access to video games remain in place.





Source link

Most Popular Articles