China's Tencent returns to profitability
Edited By WION Video Desk
Published: May 18, 2023, 24:10 IST | Updated: May 18, 2023, 24:10 IST
Tencent holdings ltd, the world's largest video game company, experienced an impressive 11% rise in revenue for the first quarter, exceeding expectations. However, earnings fell short of projections, highlighting an uneven recovery in China's internet sector post-pandemic. Tencent aims to integrate artificial intelligence across its products and faces challenges in finding the next big gaming success while navigating a rapidly saturating domestic market.
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