• 2 days ago
Tencent's third-quarter profits rose 47%, exceeding estimates, with gains from gaming, advertising, and cloud services. Revenue grew 8% annually, slightly below forecasts. Tencent’s AI tools aided cloud and marketing services, though China's smaller enterprise market limits AI cloud growth. The tech company warned of a gradual economic recovery but anticipated long-term growth acceleration due to recent pro-growth measures from Chinese authorities, which have boosted stock markets.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tencent's third quarter profits rose 47%, exceeding estimates, with gains from gaming,
00:08advertising, and cloud services. Revenue grew 8% annually, slightly below forecasts.
00:13Tencent's AI tools aided cloud and marketing services, though China's smaller enterprise
00:18market limits AI cloud growth. The tech company warned of a gradual economic recovery,
00:24but anticipated long-term growth acceleration to recent pro-growth measures from Chinese
00:28authorities, which have boosted stock markets. For all things money, visit Benzinga.com.

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