Online research platform Oracle Bones Corpus welcomes contributions from researchers and enthusiastsSHENZHEN, China, May 28, 2024 /PRNewswire/ -- Tencent (00700.HK) today announced the launch of Oracle Bones Corpus (殷契文渊), an online research platform and database for oracle bone researchers and enthusiasts. This revamped website not only offers new innovative tools for visualizing shallow indentations, but also employs artificial intelligence (AI) to enhance the efficiency of mapping glyphs to modern Chines ...

SHENZHEN, China, May 23, 2024 /PRNewswire/ -- Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company's commitment to driving sustainable social innovations in the fight a ...

The Chinese tech giant beat analyst profit expectations as high-margin businesses surged.Shares of Chinese tech giant Tencent Holdings (TCEHY 4.39%) rallied about 5% on Tuesday as of 1:52 p.m. ET after the company released its earnings results for the first quarter of 2024.Tencent has various businesses across video games, online advertising and social media, video and music subscriptions, fintech services, and cloud software. But while video games get the lion's share of attention and were slightly down, v ...

Tencent Holdings Ltd. (OTCPK:TCEHY) Q1 2024 Earnings Conference Call May 14, 2024 8:00 AM ET Company Participants Pony Ma - Chairman, Chief Executive Officer Martin Lau - President James Mitchell - Chief Strategy Officer John Lo - Chief Financial Officer Wendy Huang - Investor Relations Conference Call Participants Kenneth Fong - UBS Thomas Chong - Jefferies Alicia Yap - Citigroup Gary Yu - Morgan Stanley Anna Jung - John Choi - Daiwa Ronald Keung - Goldman Sachs Charlene Liu - HSBC Alex Yao - JP Morgan\ ...

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Tencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in the Chinese tech giants core gaming business and improved profitability at its advertising and business services division.Here's how Tencent did in the March quarter versus LSEG consensus estimates:Revenue: 159.5 billion Chinese yuan ($22 billion) versus 158.4 bi ...

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Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay. In addition, Weixin Pay is exploring interoperability with more overseas eWallets, Tencent said in a Friday (April 12) press release. Overseas users can register for a WeChat account with an overseas mobile number, fill in basic card details to link an eligible international card with Weixin Pay, and then easily access tens of millions of merchants in mainland China, acco ...

Tim Robberts/DigitalVision via Getty Images Tencent Holdings Limited (OTCPK:TCEHY) is a promising growth investment in FY 2024 as the company returned to double digit top line growth in FY 2023 and the online advertising business is seeing an acceleration of growth as well. Although U.S.-based investors may be hesitant to consider Tencent as an investment due to operational focus on China, the gaming and social media company is extremely profitable on a free cash flow basis. Shares are also very attractivel ...

Nikada Introduction Per my June 2023 article, Tencent (OTCPK:TCEHY) is too big to be ignored. My thesis is that they are using AI to significantly improve their online advertising segment. At the time of this writing, RMB 1,000 is equivalent to about $138. The Numbers The First Superapp book by Kevin Shimota explains how Tencent is advantaged with ad measurement given their closed system. Purchases are often made in mini apps inside Tencent’s ecosystem: Marketing teams love closed-loop systems. They ...

Michael Vi Tencent (OTCPK:TCEHY) shares traded up 1.5-2.0% after the Chinese tech giant reported Q4 and FY 2023 results. Although revenue came in somewhat lower than expected, profits surged 23% YoY, comfortably beating consensus. In addition, Tencent surprised markets positively by revealing a $12.8 billion stock buyback program (expected to be up 100% YoY), as well as a 40% jump in dividend payments. Personally, I see the ramp up in distributions as a major bull signal, as I have previously voiced neg ...