China tech giant Tencent sees Q1 profit jump after AI betsTencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan, driven by significant investments in the booming artifici...
13 May, 2026, 03.24 PM IST
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...
07 May, 2026, 12.55 PM IST
Tencent is said to be back on Paramount-Warner Bros deal with fresh fundingTencent is considering investing several hundred million dollars in Paramount’s acquisition of Warner Bros. The Chinese company would act a...
09 Mar, 2026, 09.18 AM IST
Tech giants Tencent and Douyin to help China's exporters pivot to domestic marketTencent said on Thursday its program aimed to create 100 billion yuan ($13.7 billion) in sales for China's beleaguered export-dependent fir...
17 Apr, 2025, 10.04 AM IST
Tech investor Prosus flags sharp drop in full-year profitThe company said earnings from consolidated businesses in the second half of the year had been stronger than in the first six months, and t...
14 Jun, 2023, 12.44 PM IST
China's Tencent said it fired more than 100 employees over corruption in 2022The disclosure comes after Tencent's founder Pony Ma in a townhall last month said serious "corruption" issues had been discovered within t...
16 Jan, 2023, 09.43 AM IST
Tencent Q3 Results: Revenue down 2% year on year to $19 bnTencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30, "as transitional industry...
16 Nov, 2022, 08.18 PM IST
Tencent Q3 Results: Revenue down 2% year on year to $19 bnThe Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues of 140 b...
16 Nov, 2022, 04.24 PM IST
China's Tencent starts new round of layoffs: reportLayoffs will affect three out of Tencent's six business divisions - platform and content (PCG), which comprises of its video and news platf...
15 Nov, 2022, 05.44 PM IST
Tencent reports its first-ever revenue drop as regulations and COVID-19 biteTencent is the world's largest video game company.
17 Aug, 2022, 03.18 PM IST
Tencent plunges 8% following poor resultsThe firm's Hong Kong-listed shares plunged as much as 8.4 percent in early trading
19 May, 2022, 09.50 AM IST
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...
23 Mar, 2022, 06.19 PM IST
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...
22 Mar, 2022, 09.20 AM IST
Tencent Music to list in Hong Kong; social unit drags resultsTencent Music said on Monday its mainstay social entertainment services business shrank in the fourth quarter, overshadowing the company's ...
22 Mar, 2022, 07.19 AM IST
Tencent posts better than expected 3% jump in Q3 net profitNet profit for the three months through September rose to 39.5 billion yuan ($6.18 billion), above an average Refinitiv estimate of 35 bill...
10 Nov, 2021, 02.56 PM IST
Tencent boss meets China antitrust officials as scrutiny widens: ReportTencent, whose WeChat messaging and payment mobile app is ubiquitous in the world's second-largest economy, is expected to be the next in l...
24 Mar, 2021, 09.47 AM IST
Tencent’s set for fastest growth since 2018 after virus outbreakTencent’s stock began climbing in February after the outbreak exposed the dichotomy of the world’s second largest tech economy. While virtu...
16 Mar, 2020, 10.18 AM IST