Tencent recorded its fastest revenue growth in over a year, driven by successful game releases despite economic challenges.
Q4 revenue rose to 172.5 billion yuan ($23.8 billion), surpassing estimates, while net income reached 51.3 billion yuan, beating projections.
The company plans to repurchase at least HK$80 billion in shares in 2025 and raise its annual dividend by 32%.
Hit games like Dungeon & Fighter Mobile and Delta Force boosted growth, offsetting slowdowns in advertising and payments.
President Xi Jinpingβs meeting with tech leaders signals a softer stance on private firms, with AI, EVs, and chipmaking as key priorities.
WeChat remains a core asset, driving revenue through ads, mini-games, and e-commerce, while fintech struggles with stagnation.
Tencentβs market value jumped 30% ($140 billion) this year, benefiting from a Chinese tech rally, though it lags Alibabaβs 70% surge.
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