Posts Tagged ‘Tencents’
Tencent’s AI restraint shows risk of Alibaba, JD food war
[BEIJING] China’s biggest tech companies are bouncing back after years on the ropes with outsized ambitions to dominate in everything from robots and smart glasses to cheap meals. But investors want them to focus their spending where it counts – artificial intelligence (AI). From Meta Platforms to Google, one topic has dominated the conversation this…
Read MoreTencent’s Q1 revenue rises 13% on gaming strength
The company benefits from regulatory easing in China’s gaming sector following stringent restrictions in previous years Published Wed, May 14, 2025 · 05:24 PM — Updated Wed, May 14, 2025 · 05:24 PM [BEIJING] Tencent Holdings, China’s biggest technology company by market capitalisation, posted a 13 per cent rise in first-quarter revenue on Wednesday (May…
Read MoreTencent’s AI bot passes DeepSeek as China’s favourite on iPhones
The Shenzhen-based company is the world’s biggest games distributor and its WeChat platform is used by more than 1.4 billion people TENCENT Holdings’s Yuanbao artificial intelligence (AI) chatbot passed DeepSeek to become the most downloaded iPhone app in China this week, highlighting the intensifying domestic competition. Tencent’s app integrates its in-house Hunyuan AI tech alongside…
Read MoreTencent’s revenue climbs 8% after blockbuster games summer
TENCENT Holdings’ revenue rose 8 per cent after the summer release of Dungeon & Fighter Mobile helped China’s most valuable company resist a severe economic downturn. Sales for the three months ended September rose to 167.2 billion yuan (S$31 billion), broadly in line with the average estimate. Net income was 53.2 billion yuan, compared with…
Read MoreTencent’s Pony Ma reclaims title of China’s richest person
TENCENT co-founder Pony Ma Huateng returned to the top of the wealth rankings in China, making him the latest tech billionaire to achieve the status. Weak economic data from the world’s second-biggest economy sent some Hong Kong-listed shares lower on Monday (Sep 16), allowing Ma to surpass bottled water tycoon Zhong Shanshan with a fortune…
Read MoreTencent’s buyback plan in focus as Chinese tech rivals catch up
INVESTORS will scrutinise any comments from Tencent Holdings about its buyback plans during on Wednesday’s (Aug 14) quarterly results announcement as its competitors catch up with its spending levels. Tencent has forked out almost US$8 billion this year to repurchase its Hong Kong-listed shares, more than any other company on the exchange, according to data…
Read MoreTencent’s hit stays on top after ‘Genshin Impact’ foe’s release
TENCENT Holdings’s Dungeon & Fighter (DnF) Mobile kept its spot as China’s top-grossing game despite the launch of a major rival from Genshin Impact studio Mihoyo, passing a key test of popularity in an intensely competitive market. Zenless Zone Zero (ZZZ) brought in US$3.4 million from iPhone players in China on Jul 4, falling shy…
Read MoreTencent’s new game drives China’s biggest stock boost of 2024
A HOT new online game is refuelling investor optimism for Tencent Holdings, driving China’s biggest stock boost of 2024. Its shares have rallied 28 per cent so far this year with help from the strong debut of Dungeon & Fighter Mobile (DnF Mobile), adding US$91 billion in market value, more than any other Chinese company.…
Read MoreTencent’s ‘Dungeon & Fighter’ game dominates China’s mobile download charts
TENCENT Holdings’s newly launched Dungeon & Fighter (DnF Mobile) has got off to a strong start, dominating top-grossing charts on Apple’s iOS platform in China for nearly a month, industry data showed. The game, launched in the world’s biggest gaming market on May 21, broke the US$100 million revenue mark in just 10 days, according…
Read MoreTencent’s next big gaming bets draw on viral phenom ‘Palworld’
TENCENT Holdings’ two most accomplished creative studios are making mobile games in the style of this year’s biggest viral hit, Palworld, in hopes of rebooting the company’s core business. The teams at Timi and Lightspeed are both building games in the style of genre-blender Palworld, replete with pet companions and stylised violence, according to sources…
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