Tencent

Tencent chairman and CEO Pony Ma highlighted a return to double-digit revenue growth in Q1, fuelled by a recovery in domestic consumption, and international games and advertising.

Chinese internet giant Tencent registered double-digit profit growth in the final quarter of 2022, led by gains in online advertising and international games, though its social networks and fintech businesses slowed.

Internet giant Tencent reportedly abandoned plans to develop and launch VR hardware as it grapples with worsening economic conditions which caused it to rethink investment in its metaverse play.

Tencent, el gigante chino de Internet, ha renunciado a desarrollar y comercializar dispositivos de realidad virtual, tras replantearse sus inversiones en el metaverso debido a una situación económica cada vez más difícil.

Chinese internet giant Tencent inched back into profitability in Q3, but revenue continued to slide with declines in advertising, domestic games and social networks offsetting gains in overseas games and fintech services.

Chinese gaming giant Tencent moved to double its stake in France-based Ubisoft Entertainment, with plans to acquire a passive minority stake in holding company Guillemot Brothers. Tencent will spend €200 million for a 49.

Chinese internet giant Tencent suffered a second consecutive quarterly profit decline and its first ever revenue drop, as advertising and gaming sales during Q2 were hit by prolonged domestic Covid-19 (coronavirus) restrictions across many cities.