Tencent’s second-quarter earnings beat forecasts, bolstered by AI
4 Articles
4 Articles
Tencent’s Revenue Beats Estimates in Boost for AI Ambitions
Tencent Holdings Ltd. promised prudence in AI spending despite faster-than-anticipated growth across its gaming and advertising businesses, suggesting China’s most valuable company intends to adopt a more measured approach to artificial intelligence development than many of its global rivals.
Tencent Beats On Top & Bottom Line Despite AI Investments - China Last Night
Key News Asian equities were mostly higher overnight as Hong Kong and Thailand outperformed, while Australia and Pakistan underperformed. Hong Kong had one of its best days last night in the past couple of months. Trade optimism and earnings were key catalysts as Tencent reported Q2 earnings overnight, beating expectations. Tencent Q2 Earnings Overview Revenue +15% to RMB 183.6B ($25.5B) versus estimate RMB 178.9B ($24.8B) Net Income RMB 51.8B …
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