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Tencent capex jumped 176% and free cash flow went negative
Tencent capex rose 176% to 52.8bn yuan and free cash flow turned negative. Executives said the fallback is renting the compute out at cost recovery.
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economictimes.indiatimes.com
China's Tencent posts 11% second-quarter revenue rise, profit misses estimates - The Economic Times
For the three months ended June, the Shenzhen-based gaming and internet company reported revenue of 204.8 billion yuan ($30.36 billion), in line with analyst estimates of…
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scmp.com
Tencent capex jumps 176% on AI push as revenue beats estimates
Revenue hit US$30.4 billion for the quarter ending in June, surpassing projections compiled by Bloomberg.
