TCEHY Stock Recent News

Chinese technology multinational Tencent Holdings (HKG:0700, OTC:TCEHY) repurchased approximately 103.7 million of its own shares in the second quarter of 2024 for a total consideration of around 37.5 billion Hong Kong dollars. Additionally, the WeChat owner paid around 31.7 billion HKD as a final dividend from the previous financial year In US dollar terms, that amounts to around $8.88 billion returned to shareholders in the quarter.

China's Tencent Holdings reported a 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a launch of a new mobile game in May that got off to a strong start.

Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. In this article 700-HK

Tencent Music Entertainment (NYSE: TME ) stock is falling on Tuesday after the online music entertainment platform company reported earnings for the second quarter of 2024. The bad news for investors in TME stock starts with its adjusted earnings per share of 65 cents.

American depositary receipts (ADRs) of Tencent Music Entertainment Group (TME) sank Tuesday after the Chinese music streaming service posted worse-than-expected social entertainment services revenue as it dealt with government restrictions on the industry.

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.

Tencent Music Entertainment Group's New York listed shares slumped in Tuesday's pre-market session as the Chinese streaming giant said a sharp drop in the number of people using its karaoke platforms had driven a slump in its second quarter revenue.

Tencent Music Entertainment topped estimates for quarterly revenue on Tuesday as its paid subscriber base grew across its music streaming platforms, sending its U.S. listed shares up 2.4% in premarket trading.

When it comes to gaming, the use of ChatGPT-like generative artificial intelligence is still in an exploratory phase, according to Liang Chen, general manager of Tencent Cloud's internet industry department. Chen said that AI has long been used by gaming companies for pattern recognition and other functions, but effective use of generative AI comes with high costs.

The Beijing Central Axis is now ready for digital visitors from around the world SHENZHEN, China , July 27, 2024 /PRNewswire/ -- Tencent (0700.HK) today launched the largest virtual urban historical landscape created to date called Microcosm, an immersive experience that brings Beijing's Central Axis to life online. The project launch coincides with the addition of the Central Axis to the World Heritage List by the United Nations Educational, Scientific and Cultural Organization (UNESCO).