Reported about 13 hours ago
Tencent, the Chinese gaming and media giant, reported a remarkable 90% year-over-year increase in profits for Q4 2024, driven by a doubling of its AI cloud revenue. Analysts note that while Tencent's expansion into artificial intelligence is notable, it comes amidst broader concerns regarding the performance of Chinese stocks and the impact of geopolitical factors on investor sentiment.
Source: YAHOO