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Tencent's quarterly revenue up 13% on gaming, AI demand

Tencent Holdings has today reported a 13% increase in fourth-quarter revenue, 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.

Business • 18 Mar

Tencent Music said its total revenue rose to 7.29 billion yuan ($1 billion) in the quarter to June 30

Tencent Music's revenue up but warns of decline ahead

China's Tencent Music Entertainment Group has today reported a 5.5% increase in quarterly revenue thanks to a rise in user subscriptions.

Business • 16 Aug 23

Tencent said its revenue for the full year rose 16% - its slowest ever pace

Tencent posts slowest sales growth in Q4

Chinese social media and gaming giant Tencent Holdings has today posted an 8% rise in fourth-quarter revenue, its slowest growth since going public in 2004 that reflected heightened regulatory scrutiny and a slowdown in advertising.

Business • 23 Mar 22

It has issued hefty fines to companies including e-commerce giant Alibaba Group and social media company Tencent Holdings in recent months

China bans unfair competition in internet sector

Chinese regulators have issued a lengthy set of draft regulations for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country's powerful tech companies.

Business • 17 Aug 21

Tencent said Prosus sold 191.89 million shares for HK$114.1 billion ($14.67 billion), reducing its stake to 28.9%

Prosus sells 2% of Tencent in biggest block trade

Holland-based technology investor Prosus NV has sold 2% of Tencent Holdings for $14.7 billion, the Chinese gaming and social media giant said today, in the world's largest-ever block trade.

Business • 08 Apr 21

The music arm of tech giant Tencent Holdings is expected to raise at least $2 billion

Tencent Music delays US IPO due to weak markets

Tencent Music Entertainment has delayed its planned US initial public offering until at least November as the owner of China's most popular music apps prefers to wait for global stock markets to stabilise.

Business • 12 Oct 18