Tencent sets $10 billion buyback after sales beat estimates
Tincent Holdings Ltd. To purchase more than $ 10 billion in shares after spreading the fastest pace of the growth of quarterly revenue since 2023, supported by a series of games songs during a Chinese economic shrinking period.
Revenue for the three months ended in December, amounting to 11 % to 172.5 billion yuan (23.8 billion dollars). The net income doubles almost to 51.3 billion yuan, before expectations. The company has also revealed plans to rebuild at least $ 80 billion in shares, and suggested a 32 % increase in its annual profits for 2025. It gained shares in Prosus NV, a major shareholder, more than 1 % in Europe.
The most valuable China company last year with game versions of Nexon Co. Dungeon & Fighter Mobile To his computer’s shooter Delta FourceIt intends to grow into the so -called evergreen privileges that can generate fixed money. This may help get rid of other parts of the Internet portfolio in TENCENT, as companies such as ads and payments wrestle with cautious consumer spending.
Testent is among the many major Chinese technology names that must be reported this week, as the profit season that is closely seen for a trillion dollars is concluded around the angle. president Xi Jinping met last month with prominent entrepreneurs, including Tennsent Chef Bony Majs, and Alibaba Holding Ltd. Jack Ma, the co -founder, indicates the talisman position in Beijing towards a private sector that he attacked for three years. The attendees also attended a new generation of founders who represent industries such as chips, electric cars and AI, echoing Xi’s priorities during the technology against the United States.
Investors will want to learn more about the TENCENT aspirations of artificial intelligence. The Chinese AI was moved to the world’s light spotting at the beginning of the year after the Hangzhou -based Deepseek is launched as an Openai as they need much lower computing resources.
R1 Chinese emerging has resulted in a spirit between Chinese technology giants, who discover the issuance of similar models or raising investments in Amnesty International Infrastructure. Alibaba has pledged to spend more than $ 50 billion on the networks of artificial intelligence and cloud computing over the next three years, announcing the capabilities of man -like artificial intelligence its primary goal.
“From a few months, we have reorganized our artificial intelligence teams to focus focus on both fast products and exemplary deep research,” Tennsant said in a statement on Wednesday. “It has increased our capital expenses related to AI, and increased our efforts in research, development and marketing of our original products of artificial intelligence.”
Tinette plays annex with knees. The company merged the open models of DEPSEK sources into a wide range of services including WeChat Search and Chatbot Yuanbao, which has become a time most free to the country on the country on iPhone. Even withThe elite of peace guardOne of the largest game titles in Tencent, Deepseek is a new virtual assistant basis that teaches players how to shoot. On Tuesday, new services of artificial intelligence have released the text or images into 3D images and graphics, which may simplify the process of developed and often expensive studio.
“Tinsnet was historically fell into a later stage, which led to the narrowing of the market share gap or even the first engine, supported by its unique ecosystem,” said Goldman Sachs analysts, including Ronald Kong, in a note before the results. They said that high applications such as WeChat and Bytedance Ltd. Douyin is “Best mode” to take advantage of the AI application or agent’s chances.
The last pledge in Beijing added additional momentum to the technology -led gathering in Chinese stocks. It also turns attention to how the Internet company that it is participating in by the Pony MA billionaire is to market artificial intelligence to supplement chat, games and advertising companies online.
With more than a billion users, weChat remains the most dependent assets because it plays a larger role in the areas of advertising to small games and online trade. It also reflects the economic environment through services such as horseback and meal-although the Fintech section that includes this network of payments is now the most tincent unit.
Regarding games, Tencent joins their global peers in reducing development functions while re -focusing on fewer major titles. His pipeline is still strong with a handful of potential visits 2025 includingThe honor of kings: the worldandMonster Hunter OutlandAnd China’s launch fromThe goddess of victory: Nick.
Trent has gained approximately 30 % or $ 140 billion in market evaluation so far this year, with the help of the broader Chinese technology gathering caused by Deepseek. However, it fails to jump 70 % in the arc competitions alibaba.
This story was originally shown on Fortune.com
2025-03-19 09:38:00
