Tencent Holdings Ltd. reported second-quarter 2026 results on August 12, with IFRS net profit of Rmb 56.0 billion missing the Reuters consensus of Rmb 61.8 billion, and the stock fell 4.46% in Hong Ko…
Tencent Holdings Ltd. reported Q2 revenue of $30.3 billion, up 11 percent, and net profit of $10.3 billion, up 9 percent, while disclosing $53 billion in capital expenditure. President Martin Lau said…
DeepSeek has created an official WeChat account for its new 'DeepSeek Harness Team' and posted job listings to develop AI agents that can compete with Anthropic PBC's Claude Code, according to Bloombe…
Tencent Holdings Ltd. reported second-quarter revenue of RMB204.8 billion ($30.4 billion), up 11% year over year, while capital expenditure surged 176% to RMB52.8 billion, according to MarketWatch. Th…
Tencent Holdings Ltd. reported fourth-quarter revenue of 172.7 billion yuan ($24.1 billion), beating analyst estimates, driven by accelerating games sales and AI-driven advertising. The company's stoc…
Tencent Holdings Ltd. and JD.com Inc. report earnings this week, testing whether China's rotation from AI infrastructure stocks into internet platforms can continue. JD.com is expected to post an 18% …
Tencent Holdings Ltd.'s AI workplace assistant WorkBuddy has become China's most popular AI office agent with 20.97 million monthly visits as of June, beating ByteDance Ltd.'s Trae and Alibaba Group H…
Tencent Holdings Ltd.'s spending plans will draw investor scrutiny as investors cool on lavish AI outlays, with consensus earnings estimates in China's tech sector under sustained pressure in the seco…
Jack Ma-backed OceanBase is seeking to raise 2 billion to 3 billion yuan ($295 million to $443 million) in series A funding to expand into AI database services, according to people familiar with the m…
Chinese chipmaker CXMT Corp. soared 466% on its market debut Monday, becoming the most valuable company listed in mainland China with a market capitalization of roughly US$490 billion. The state-backe…
DeepSeek has told prospective investors in its second fundraising round that it is suspending the deal for now, days after comments widely attributed to founder Liang Wenfeng about US-Chinese AI compe…
Tencent Holdings Ltd. shares fell as much as 7.1% on July 22, their sharpest intraday drop since April 2025, as investors worried about slowing mobile gaming revenue and rotated toward companies with …
Chinese startup Moonshot AI Pte Ltd. released its Kimi K3 model last Friday, claiming it is the world's largest open-weight model with 2.8 trillion parameters and outperforms U.S. rivals on certain be…
Chinese AI pioneer DeepSeek has begun preparations for an initial public offering and may file as soon as this year, targeting a debut in 2027, according to people familiar with the matter. The Hangzh…
Tencent Holdings Ltd. is ramping up share buybacks as its Hong Kong-listed shares struggle to recover from a selloff that has wiped out about $309 billion in market value since early October. The Shen…