Has Tencent started to expand again?
In one quarter, the number of employees increased by 3300 people.
Tencent conference call: More AI applications will be seen in the next few quarters, and this year's repurchase will exceed one hundred billion Hong Kong dollars.
Tencent pointed out that the proportion of AI-related revenue in the company is around 10%, lower than that of cloud AI revenue of usa cloud vendors, due to the immature AI market in china. In terms of applications, AI technology has enhanced the efficiency of content recommendation and targeted advertising, increasing user engagement time and ad response rate, directly boosting revenue. Tencent is integrating AI into more products and services, and expects to see more practical applications in the coming quarters.
Tencent Holdings Limited (TCEHY) Q3 2024 Earnings Call Transcript Summary
Game business is recovering; Tencent's Q3 non-GAAP net profit increased by over 30% and over 3,000 people were recruited.
① In the third quarter, Tencent's adjusted net income reached 59.81 billion yuan, far exceeding the market expectation of 54.37 billion yuan, a year-on-year increase of 33%; ② The biggest highlight of Tencent's quarterly report is that value-added services have significantly recovered, mainly due to the rebound in the gaming business.
Tencent Holdings Q3 EPS $0.89 Beats $0.88 Estimate, Sales $23.90B Beat $23.38B Estimate
Tencent in Charts: Revenue Increases Across All Segments in Q3
Tencent Non-GAAP EPS of RMB 6.34, Revenue of RMB 167.2B
Tencent Q3 Revenue Rises 8% on Gaming Strength, Matches Estimates
Netease gaming sector suspected of corruption, internet giants continue anti-corruption campaign.
① Netease has not responded to the investigation into multiple executives being taken away for alleged corruption in Netease games circulating on the internet. ② Due to the platform nature and large scale of the enterprise, as well as complex relationships, in recent years, internet technology companies have increased their efforts in internal anti-corruption measures, adopting a 'zero tolerance' policy towards any corrupt behavior.
Tencent Shuts Down Layoff Rumors While Announcing Major Leadership Shake-Up
Tencent's Delta Force: Hawk Ops Open Beta To Launch In December, Taking Aim At Call Of Duty
Who took away your video quality? | Focus
①The video platform's video quality adjustment strategy is generally based on a balance of user experience, creator experience, and cost control; ②However, while user growth and traffic scale increase, it is difficult for video platforms to achieve a perfect triangle in terms of technology, cost, and user experience, and they can only pursue the most cost-effective solution, cost reduction and efficiency improvement is the general trend.
Stock king Tencent surges again, reaching 5 trillion.
New journey.
"Stock King" Tencent is not short of money.
Manage market cap and assets acquisition simultaneously.
WeChat official announcement! Pure-blood HarmonyOS starts public beta today. Half of the internet realm has already connected to HarmonyOS NEXT.
HarmonyOS NEXT, also known as the 'pure-blood Hongmeng', started public beta testing today. WeChat's Hongmeng version, which has been closely watched due to the lack of progress, also began inviting internal testing today. Many applications are still not adapted to Hongmeng. Games under the Netease umbrella such as 'Dànzǎipàiduì' and 'Yongjie Wujian' have stated that they have not yet completed all debugging work for the Hongmeng system, reminding players to upgrade cautiously.
Chinese concept stocks are once again popular! Morgan Stanley has raised the ratings of multiple Chinese concept internet companies, and these industries are highly favored.
①Australia's well-known bank Macquarie released a report, upgrading the ratings of multiple Chinese internet-related stocks; ②The reason for the upgrade is the improved visibility of profits, as well as the continuous policy support from the Chinese government.
China Stocks Rally: Hang Seng Hits 2023 High—What's Driving the Surge?
"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
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