close
close
Tencent publishes a strong quarterly sales because the Chinese video game giant places great on AI

Tencent publishes a strong quarterly sales because the Chinese video game giant places great on AI

by

Sales rose by 13 percent in the first three months of the year and exceeded the analysts of 10 percent surveyed by Bloomberg.

The quarterly profit rose by 14 percent to 48 billion Yuan, which decreased by the analysts of 51.7 billion Yuan and growth of 23.4 percent.

Tencent's shares closed 3 percent on Wednesday with $ 521 (67 US dollars) before his latest financial disclosure.

“AI functions have already contributed tangible to our companies, such as B. performance advertising and evergreen games. We also have our expenses for new AI Crowd. “We assume that these strategic AI investments value users and society and achieve considerable incremental returns for us in the long term.”
Income from the Fintech And Business Services segment that comprises cloud computing and AI rose 5 percent to 55 billion yuan in March.

The turnover of value creation services, including the company's flagship video games and the social network company, rose 17 percent to 92 billion Yuan compared to the year.

Leave a Comment