The Wall Street Journal

Tencent Posts Solid Results as AI Investments Start to Pay Off

The Chinese technology giant has been investing more and more in AI to compete against rivals and enhance its offerings

The Chinese technology giant has ramped up AI investment in recent quarters to compete against rivals and enhance its offerings.
The Chinese technology giant has ramped up AI investment in recent quarters to compete against rivals and enhance its offerings. Photo: dado ruvic/Reuters

Tencent Holdings’ revenue growth accelerated in the first quarter as its core gaming business remained strong and ramped-up spending on artificial intelligence began to pay off.

The company, China’s largest by market capitalization, said Wednesday that AI capabilities have started to contribute tangibly to its advertisement and game businesses.

WSJ Logo