Tencent posted 9% revenue growth with RMB 84.4B in core operating profits while DeepSeek pauses fundraising amid rising data center

Tencent stock was down 26% so far in 2026 as the company faces intense competition in China in AI and investors grow jittery about its rising spending.

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…