$TENCENT(00700)$ AI strategy is revitalizing its ecosystem, enhancing product experience, and driving high-quality revenue growth.
In Q1, marketing services revenue rose 20% YoY to RMB 31.85 billion, driven by AI-powered upgrades to its ad platform and a strengthened WeChat transaction ecosystem.
Value-added services revenue grew 17% YoY to RMB 92.13 billion, with gaming revenue surging 24%.
Fintech and business services revenue increased 5% YoY to RMB 54.91 billion, with enterprise services standing out thanks to rapid growth in AI-related income.
Supported by high-quality income from its core business, Tencent continues to strengthen its AI strategy. R&D spending reached RMB 18.91 billion in Q1, up 21% YoY, while capital expenditures jumped 91% YoY to RMB 27.48 billion.
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- VernaFred·2025-05-15Incredible insights on Tencent's growth! [Wow]LikeReport
- FrancesWesley·2025-05-15Strong growth! 🌟LikeReport