In 2024, Tencent's revenues increased by 8%, far exceeding expectations.

Tencent's financial report for q4 and the full-year 2024, published on march 19th by the chinese tech giant tencent, an 11% year-on-year (yoy) increase.

Non-ifrs operational profit: tencent's financial report for q4 and the full year 2024. tencent's revenue in q4 was 59.46 billion rmb (8.22 billion usd), up 21% yoy.

Both gaming and non-gaming revenue increased 17% to 35 billion rmb (4.84 billion usd), up 14% yoy, with both gaming and gaming seeing double-digit growth both within and outside china.

On weixin (the domestic version) and wechat, fintech and enterprise service earned 56.3 billion rmb (7.72 billion rmb), up 3%, mainly due to ai upgrades and market diversification of products such as wecom and wecom.

Tencent invested 39 billion rmb (5.39 billion usd) in ai projects in the final quarter of last year, according to martin lau, the president of tencent.

From alibaba's latest news, it would appear that the ai arms race is now underway in chinese tech firms.

2025 dao insights & dash; you can see how this popup was constructed in our hong kong stock exchange (hkex) soared on 19 march.

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