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Tencent Believes This Year's AI Model Is China's Finest Despite Missed Profit Projection | HNGN

Later this year, Tencent will introduce its own AI model that it claims to be the best in the country. ....

Martin Lau , Getty Images , Tencent President Martin Lau ,

BBCNEWS Asia Business Report June 4, 2024 23:31:00

Higher profit margins than expected as offered fewer discounts. all that bodes well for walmart which is due to report a 4% rise in sales. results from the world s largest retailer should also a glimpse into demand for back to school items. traders are hoping that despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. staying with retail jd.com beat analyst forecasts for second quarter revenue, which rose more than 7% to nearly $40 billion. the chinese e commerce giant s focus on lower priced products paid off in the fight for customers amid an economic slowdown. the company said it attracted more vendors to its platform, helped by lower thresholds and costs for them to join, and that users shopped more frequently as its product range expanded. it was a different story over at tencent where earnings results came in below estimates in the second quarter. revenue grew 11% to just over $20 billion. tencent s core gaming ....

Profit Margins , Borrowing Costs , Retail Jd Com , Beat Analyst Forecasts , E Commerce Giant , Focus On Lower , 40 Billion , 0 Billion , Product Range , Earnings Results , Gaming Business , 20 Billion ,

HONG KONG Tencent Holdings said Wednesday that it seeks to deploy its own foundation model for generative artificial intelligence sometime this yea ....

Tencent Holdings , Getty Images ,

JD.com & Tencent Beat On EPS

Although JD.com did not achieve double-digit revenue growth like its peer Alibaba, the results were fairly strong, beating on EPS. ....

Hong Kong , Sandy Xu , Ma Huateng , Night Exchange , Year China Development Bank Bond , Southbound Stock Connect , Hang Seng , Hang Seng Tech , Exchange Rates , Day Government Bond , Year Government Bond , Jd Com , E Commerce ,

Tencent Music Q2 Profit Rises; Revenues From Online Music Services Up 47.6%

Tencent Music Entertainment Group (TME) reported that its second-quarter net profit attributable to equity holders was RMB 1.30 billion, representing 51.6 percent year-over-year growth. ....

Music Entertainment Group ,