genai / news / / The Economic Times
Tencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan.
Tencent reported a 21% year-on-year net profit increase to 58.1 billion yuan for Q1 2026.
KEY POINTS
- Tencent unveiled a major AI model upgrade in April, signaling intensified competition with Alibaba and ByteDance.
- Tencent is reportedly considering investment in DeepSeek, valuing the AI startup at up to $50 billion.
- Regulators conditionally approved Tencent's acquisition of Ximalaya, following an antitrust review this week.
- Despite AI investments, Tencent's AI revenue is not expected to be significant this year.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →