China’s Tencent posts strong Q2 revenue growth as AI race heats up

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China’s Tencent posts strong Q2 revenue growth as AI race heats up
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The tech giant says revenue from domestic games increased 17% year-on-year in Q2, while international games saw a 35% rise.

Tencent 's net profit for the latest quarter also jumped 17% year-on-year to reach ¥55.6 billion. BEIJING: Chinese internet giant Tencent reported a third consecutive quarter of double-digit revenue growth today, beating forecasts, as it began rolling out AI services in its games and messaging app . Shenzhen-based Tencent is the operator of China 's multifunctional app WeChat and a major player in the global gaming industry.

The firm's net profit for the latest quarter also jumped 17% year-on-year to reach ¥55.6 billion. 'We delivered double-digit revenue and... operating profit growth on a year-on-year basis, as we invested in, and also benefited from, utilising AI,' the firm said in a statement. Tencent added that it had 'enriched AI features' in its WeChat app, and 'deployed AI tools' in games.

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