Tag: $Tencent Holdings

Tencent Holdings nearly doubled its profit on double-digit revenue growth in the final quarter last year as the Chinese technology giant stepped up its AI investment while continuing to build on the momentum of its gaming business.

Tech giant Tencent on Tuesday unveiled a suite of new artificial intelligence tools capable of converting text and images into 3D visuals in the latest example of growing Chinese momentum in the field of generative AI.

Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek’s R1, in the latest sign the startup’s domestic and overseas success is putting pressure on its larger competitors in China.

Shares of Chinese tech heavyweight Tencent Holdings tumbled nearly 8% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense.

Ubisoft shares continued higher Monday after Bloomberg reported Friday that Chinese internet giant Tencent Holdings and Ubisoft founders the Guillemot family were considering a potential buyout of the company.

Tencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in the Chinese tech giants core gaming business and improved profitability at its advertising and business services division.

China’s Tencent Holdings posted a 7% rise in fourth-quarter revenue on Wednesday, trailing analysts’ expectations, as China’s economic slowdown takes a toll, and said it was expecting to at least double its share buybacks this year.

China’s top gaming regulator said it will “carefully study” the concerns of all stakeholders on draft rules aimed at curbing excessive online gaming and spending.

Shares of NetEase Inc. and Tencent Holdings Inc. fell sharply on Friday after Chinese authorities announced draft rules to crack down on spending and rewards in online gaming.