Tencent will be a minority shareholder in the new venture, which is expected to be completed by the end of 2025.

I reiterate a ‘Strong Buy’ rating on Tencent, driven by robust business expansion in marketing services and FinTech, and ...

S&P Global Ratings forecast Chinese Internet giant Tencent's annual capex to exceed CNY80 billion for the next two years.

Ma mentioned that over the past few months that Tencent has restructured its AI teams to better focus on rapid product innovation and in-depth model research. The company has also ramped up AI-related ...

Tencent Holdings Ltd. reported a 90% surge in fourth-quarter profit Wednesday, driven by strong gains in its gaming and ...

Among signs of Tencent’s shifting market strategy, the company’s longtime Japan chief, Juno Shin, has taken on more global responsibilities in recent years. He now also oversees its search for ...

Tencent's marketing services revenue grew by 20% in 2024, outperforming the industry, driven by AI-powered advertising technology and increased user traffic. The company has demonstrated strong ...

Ma said Tencent has adopted a “double-core” strategy on AI that uses both DeepSeek and its own Yuanbao models, following an approach similar to how it has dominated the video gaming industry ...

Chief Strategy Officer James Mitchell told analysts in a separate call that the substantial increase in 2024 spending should adequately address 2025 needs, noting that Tencent's fourth-quarter ...

Tencent also said that the usage costs of the new Turbo S were many times cheaper than its previous iterations, highlighting how DeepSeek's open-source and low-pricing strategy has forced other ...