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Chinese Tencent Technology Company is a game giant and a mother company WeChat, a widespread application for social messages in China.
Chen Sin | Getty Images | Gets the image
Favorable On Wednesday, the fourth quarterly bit in the top and essence, which was moving with the help of revenues from game and advertising revenue.
Here’s how Tencent did in the fourth quarter of 2024 against the finish assessment:
- Income: 172.4 billion Chinese yuan ($ 23.9 billion) against $ 168.9 billion.
- Profit related to company capital owners: 51.3 billion yuan compared to 46.03 billion yuan.
The revenue increased by 11% compared to last year, and the profit increased by 90% against the same period in 2023.
Tencent is known as one of the largest game firms in the world. Income in domestic games in China increased by 23% a year to 33.2 billion yuan in the fourth quarter. Tencent said the hike was associated with a low base during the previous year, as well as the growth of some of its hit -games, including the pride of kings and the elite of the peacekeeper.
Annual growth for domestic games accelerated in the December quarter, compared to the previous three -month period.
International games have jumped up 15% up to 16 billion last year. Over the past few years, Tencent has intensified efforts abroad with games such as Pubg Mobile, as the household games have slowed down against the background of macroeconomic and normative winds.
While Tencent is one of the world’s largest game companies, the technological giant has also made great attention to becoming a key artificial intelligence player in China over the past two years, uploading different AI models.
On Tuesday, the company launched the Hunyuan3d-2.0 model that can turn text or images into 3D graphics. In February, Tencent introduced the AI Turbo S model designed to respond to user requests as soon as possible.
INvestors still monitors how Tencent plans to monetize its AI investment.
Shangzhensky outdated AI firm is a symbol of the current state of competition among the Chinese technological giants, which was subjected to DEEPEEK’s startup and its highly efficient artificial intelligence model released earlier this year.
AI updates were released dense and fast from companies including Alibaba and Baidu.
Last week Alibaba launched a new version of its AI Assistant app that will be Works on your own QWEN AI reasoning model. Baida on Sunday released two new models Including a new model of reflection.
Tencent works with your own AI models as well as rivals. The company has its own AI Chatbot called Yuanbao, based on its own fundamental Hunyuan model as well as R1 Deepseek. Tencent also sought to integrate Deepseek technology in some other products, including the WeChat search features in China.
This broken news is updated.
