Tag: tencent
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Tencent mulls $5 billion bond sale to push AI ambitions, Bloomberg News reports
Oct 8 : Tencent is considering raising up to $5 billion via an offshore bond sale, Bloomberg News reported on Thursday, as the Chinese technology giant ramps up spending on AI and computing infrastructure in line with its peers.Here are the details:• The bonds could be issued in US dollars and offsho
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Tencent-backed Enflame triples in Shanghai debut as China AI chip bets surge
HONG KONG: Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200 per cent in its Shanghai debut on Friday (Sep 11), after the Tencent-backed company raised 6.12 billion yuan (US$912 million) in its initial public offering.The stock opened at 410 yuan versus its offer price of
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Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
BEIJING, Aug 12 : Tencent Holdings reported an 11 per cent rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.For the three months to the end of June, the Shenzhen-based gaming and internet company repo
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Tencent in talks to become AI start-up Manus’ largest shareholder, FT reports
July 9 : Tencent is in talks to become Manus’ largest shareholder as investors seek alternatives after Beijing ordered Meta to unwind its $2 billion acquisition of the AI start-up, the Financial Times reported on Thursday, citing two sources.
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