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TENCENT EARNINGS CALL
Tencent revenue and profit miss on higher AI investmentTencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw gro...- AI boom keeping markets elevated despite geopolitical noise: Mark MatthewsFinancial markets are increasingly prioritizing artificial intelligence-driven growth and corporate earnings over geopolitical tensions, ac...
- Alibaba results likely to show limited AI payoff for China techAlibaba is expected to spotlight its AI strategy in upcoming results but, like Tencent and Baidu, faces difficulty monetising its investmen...
- Tencent says US AI chip import situation unclear as governments negotiateTencent said it remains uncertain about US AI chip import rules amid Beijing–Washington talks but has ample inventory to sustain AI operati...
- Tencent signals slow AI monetisation; gaming drives 8% Q3 revenue growthTencent has intensified AI efforts over the past two years, developing services for large-language model training and deployment. It has al...
- Tencent finds new hit in 'Dungeon and Fighter' mobile game after dry spellTencent Holdings' mobile game 'Dungeon and Fighter' by Nexon topped Apple's App Store in China, surpassing existing flagship games, with he...
- Tencent's next level up: fewer big foreign franchise games, more in-houseSince late last year, the world's largest video games company has, according to sources, redeployed hundreds of people from the team develo...
- Tencent says has Nvidia AI chip stockpile but seeking to buy domesticPresident Martin Lau, on an analyst call following Tencent's third-quarter earnings report, said the US decision last month to ban the expo...
- Tencent shifts focus to majority deals, overseas gaming assets for growth: sourcesTencent told Reuters the company had been investing abroad for a long time - "long before any new regulations" in China. It looks for "inno...
- Legendary China bets unwind as Warren Buffett, SoftBank, Naspers sellBig-name investors who’ve made billions from Tencent Holdings, Alibaba Group Holding, and BYD Co., are taking money off the table.
- Tencent fires 5,500 workers as sales down for first time since going publicTencent has downsized its workforce for the first time since 2014, slashing the number of employees to 110,715 by the end of June, down fro...
- Tencent posts slowest-ever sales rise; regulation impact set to easeTencent Holdings, which gets much of its revenue from gaming and develops games such as 'Honour of Kings' and 'Call of Duty Mobile', said d...
- Tencent Music social entertainment services slump overshadows upbeat quarterRevenue from social entertainment services and others fell 15.2% to 4.73 billion yuan ($742 million), while paying users in the social ente...
- China weighs Tencent payments overhaul, new license requirementThe potential move would present a fresh hurdle for Tencent, which along with other internet firms was told in 2021 to cordon off financial...
- Tencent says Beijing likely to support metaverse - as long as it obeys China rulesTencent, China's biggest company by market value, welcomed the potential for gaming business opportunities in a post-earnings call on Wedne...
- South Korea's Krafton, maker of hit game 'PUBG', tumbles on debutAnalysts attributed the tumble to an expensive valuation and China regulation risks, with gaming companies facing uncertain prospects after...
- Tencent Music says facing increased China scrutiny, is committed to laws"In recent months, we have received increased regulatory scrutiny from relevant authorities, and have been actively co-operating and commun...
- Naspers banks on ecommerce boom post pandemic for growthNaspers benefited during the lockdown as more people shifted online for shopping, food, making payments, or learning.
- Move Over, Uber: This little known media company is now the world’s most valuable startupSix-year-old Bytedance has surpassed Uber Technologies Inc. to become the world’s most valuable startup.
- With investments in Flipkart, Ola, Asia's tech scene gets a new Warren Buffett at TencentLike SoftBank and Naspers, Tencent has been on an acquisition spree, spending some $50 billion on stakes in companies from Flipkart to Ola.
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