Tencent's quarterly revenue rises 13% on gaming, AI demand
Entertainment
BEIJING: Tencent Holdings reported a 13 per cent increase in fourth-quarter revenue on Wednesday (May 18), driven by strong demand for gaming and growth in its artificial intelligence services, cementing its position as China's largest social media and gaming company. The Shenzhen-based firm posted revenue of 194.4 billion yuan (US$28.3 billion) for the three months to Dec 31, just above the 193.5 billion yuan forecast by analysts polled by LSEG. Quarterly net profit was 58.26 billion yuan,
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