Chinese social media giant Tencent Holdings said its fourth-quarter profit rose 90 per cent from a year earlier, aided by strong performance from its video-gaming business and more recent promotion of artificial intelligence (AI).
Profit for the three months ended December reached 51.3 billion yuan (US$7.1 billion), exceeding the consensus estimate of 43.9 billion yuan by analysts polled by Bloomberg.
Revenue grew 11 per cent to 172.4 billion yuan, beating estimates of 168.7 billion yuan.
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https://www.scmp.com/tech/big-tech/article/3303007/tencent-fourth-quarter-profit-surges-90-strong-gaming-ai-performance
