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Tencent Pledges to Boost Investment After 25% Sales Growth

Tencent Joins Alibaba in Spending Spree as Competition Heats Up
Bloomberg
1 hr ago
Zheping Huang
(Bloomberg) Tencent Holdings Ltd. pledged to sharply increase investments this year after posting a 25% gain in quarterly revenue, aiming to fend off ByteDance Ltd. and sustain its pandemic-era boom in gaming and cloud.
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China’s three largest tech corporations are vying to entice users in the fast-growing arenas of online grocery and video. Tencent said Thursday it plans to invest a larger portion of its incremental profits this year in areas including cloud services, games and shortform video content, joining Alibaba Group Holding Ltd. and Meituan in pledging to boost spending. Tencent is trying to sustain growth in revenue, which climbed to 135.3 billion yuan ($21 billion) in the three months ended March, roughly in line with analyst estimates. ....

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Tencent Pledges to Boost Investment After 25% Sales Growth

Tencent Pledges to Boost Investment After 25% Sales Growth
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大公司动态丨荣耀发布新品play 5，华纳改嫁Discovery

大公司动态丨荣耀发布新品play 5，华纳改嫁Discovery
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彭博：腾讯大股东Prosus将出售1.92亿股腾讯控股股票

彭博：腾讯大股东Prosus将出售1.92亿股腾讯控股股票
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Tencent's Pony Ma Grapples with $170 Billion China Threat

Tencent's Pony Ma Grapples with $170 Billion China Threat
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