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China Tech Company Tencent is a game giant and Andent company in U.Chat located in China.
Cheng Xin | Getty Images News | Getty pictures
Tencent On Wednesday, the top and bottom line managed with an increase in game and advertising revenues placed the fourth quarter beating.
Here’s how was the fourth quarter of 2024, according to Tencent’s refinitive calculations?
- Income: 172.4 billion Chinese yuan ($ 23.9 billion), against 168.9 billion yuan.
- Profit related to capital owners of society: 51.3 billion yuan, expected compared to 46.03 billion yuan.
Income, the increase in 11% over the year increased by 90% in 2023.
Tencent is known as one of the world’s largest gaming firms. Internal games in China increased by 23% of income in China to 23% and reached 33.2 billion yuan in the fourth quarter. Tencent said that this hike is about the growth of the honor of the kings and peacekeeping, including the growth of some Hit Games, as well as the growth of some hit games during the previous year.
The annual growth rate for local games accelerated in the quarter of December, compared to the previous three-month period.
International Games Revenue jumped 15% to 16 billion per annum. Over the past few years, Tencent, as the local games market slowed between macroeconomic and regulatory headlines, increased the efforts abroad with games like Pubg Mobile.
Tencent’s marketing services – or its advertising business – 17% in the fourth quarter increased by 17% to 35 billion yuan 17% per year. Tencent works with Wechat, which is China’s largest messaging application with more than 1.38 billion active users. The company is working on receiving these users through different advertising products such as videos and searches.
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Although Tencent is one of the world’s largest gaming companies, the Tech giant has focused on turning off various AI models in China in the last two years, and to turn off various AI models in China.
The company launched the HunyuAn3D-2.0 model that can turn the company, text or pictures to 3D graphics. In February, Tencent presented an AI model designed to answer user questions as soon as possible.
Tencent said that the AI was driving progress between various products.
Tencent said that marketing services are managed by the “healthy” advertiser of business growth, as well as strengthening our “advertising infrastructure”.
Investors are still watching how TenCentine planned the AI investments.
But this came with an increasing cost. Tencent, 2024 capital expenditures in 2023 have increased more than 23.89 billion billion.
Tencent said that there are reorganized teams and increasing the growth of growing investments.
“A few months ago, our teams have been reconstructed to increase our teams and increase our deep model research, increase our capital expenditures and increase our AI-D and marketing efforts.
“We believe that these steps, advertising work and longevity of our games, as well as our services (our AI services will receive more expenditures than the use of competent consumer use.”
It is a high-efficiency of competition between China’s technological giants, which is the use of the Shenzhen headquarters, the technological giants of China, spread by DeepSEEK in early this year, and a highly effective artificial intelligence in this year.
AI updates were released from the companies, including Alibaba and Baidu.
Last week, Alibaba presented a new version of the EU Assistant application Equipped with its own QWEN AI Reasoning Model. Bayu Sunday Left two new models including a new model of thinking.
Tencent works with its AI models, as well as rivals. The company has a house of Yuanbao, a Hunyuan foundation model, as well as a house called Yuanbao in R1. Tencent also tried to unite Deepseek’s technology between some other products, including Wechat’s search features in China.
This broke news story is updated.
