Tencent Quickens AI Spending After Sales Grew Fastest Since 2023

(Bloomberg) — Tencent Holdings Ltd. outlined plans to sharply raise spending on AI infrastructure after posting its fastest pace of revenue growth since 2023, suggesting China’s most valuable company is intent on keeping pace with rivals in the post-DeepSeek era.

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Revenue rose a better-than-projected 11% to 172.5 billion yuan ($23.8 billion) for the three months ended December, while net income almost doubled. The company also unveiled plans to buy back…