Tencent's AI Strength and Carbon Credit Plans Drive Growth Outlook
AI Summary1 min read
TL;DR
Tencent's Q3 revenue grew 15% YoY to RMB 192.9 billion, driven by AI investments in gaming and marketing. The company is forming an alliance to buy carbon credits to achieve carbon neutrality.
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TencentAICarbon CreditsRevenue GrowthCarbon Neutrality
Tencent Holdings reported Q3 revenue of RMB 192.9 billion, up 15% YoY, and operating profit of RMB 63.6 billion, up 19% YoY. AI investments drove growth in gaming and marketing services, and operating margin improved by 100 basis points YoY. The company is also discussing an alliance with Asian firms to create a consortium to buy carbon credits, aiming to offset its emissions and accelerate its carbon neutrality target.
