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The Nexus
BUSINESSAug 12 · 09:15 UTCCNBC TOP

Chinese tech giant Tencent posts revenue beat on accelerating games sales, AI-driven ads

Tencent reported a revenue beat attributed to accelerating games sales and AI-driven ads. Despite this positive news, Tencent's stock was down 26% in 2026 as the company faces intense competition in China regarding AI, causing investor concern over its rising spending.

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