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Ping An Insurance Reports FY Results
Tencent conference call: Chinese Technology companies prioritize efficiency, with capital expenditures lower than their Western counterparts, as proven by DeepSeek.
Tencent executives stated that capital expenditures are mainly used for purchasing GPUs, which have brought high ROI. With breakthroughs in DeepSeek technology, the efficiency of GPU resource utilization has improved, eliminating the need for large-scale GPU purchases as originally planned. AI-enhanced technology has improved returns on investment for advertisers, contributing to Tencent's growth rate, which exceeds the Industry average. At the same time, AI has also supported the Business sector, with deferred revenue (primarily from games) experiencing a year-on-year growth in the high double digits at the end of last year, and it is expected to gradually convert into reported revenue this year and next. AI has become a key investment area while also taking into account Shareholder returns.
Tencent Holdings Limited (TCEHY) Q4 2024 Earnings Call Transcript Summary
Autonomous driving battle: BYD's price "weapon" vs Tesla's "difficult" problem.
Barclays believes that although Tesla has a leading position in autonomous driving technology, it faces dual challenges from regulatory oversight and market competition in China.
Tencent plans to invest tens of billions in AI.
Competing for dominance in the AI era.
US Morning News Call | First Rate Decision Amid Trump's "Tariff War" Announced Today
