Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

“Looking forward, we continue to invest in our platforms and technologies including AI, enabling us to create new business value and better serve user needs.” The Tencent Games booth seen at the annual China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai on July 26, 2024. Photo: AFP Video gaming sales, traditionally … Read more

Tencent’s DnF Mobile rises as new runaway hit for video gaming giant, surpassing Honour of Kings’ daily revenue on debut

Tencent’s DnF Mobile rises as new runaway hit for video gaming giant, surpassing Honour of Kings’ daily revenue on debut

The mobile version of Dungeon & Fighter Online, the personal computer (PC) game developed by Nexon subsidiary Neople, on May 22 outstripped the daily revenue of those two high-performing Tencent games on the China App Store in just the second day of its domestic release, according to data from Chinese app analytics platform Qimai. DnF … Read more

Tencent sharpens focus on ‘evergreen’ video games in mainland China as domestic industry matures

Tencent sharpens focus on ‘evergreen’ video games in mainland China as domestic industry matures

Tencent Holdings is looking to sharpen its focus on “evergreen” video games that generate steady revenue, instead of rushing out new titles, as the domestic market continues to mature. “We are more focused now, and we tend to cancel many products with intermediate positioning,” Tencent senior vice-president Steven Ma Xiaoyi said in a report published … Read more