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Tencent’s Growth Revival: Navigating the Evolving Landscape of Advertising, Games, and AI
In the third quarter of 2023, Tencent Holdings (00700.HK) achieved revenue of 154.6 billion yuan, a year-on-year increase of 10%, basically in line with market expectations; non-IFRS net profit attributable to the parent company (hereinafter referred to as “non-international net profit”) 449 billion, a year-on-year increase of 39%, higher than Bloomberg’s consensus estimate. In terms of revenue, although the revenue growth rate declined slightly in the third quarter, it has maintained double-digit growth for three consecutive quarters. The revenue in the third quarter also hit a record high in a single quarter, and the direction of business recovery is clear. In terms of net profit, since growth resumed in the…
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How Games Are Changing Our Business and the World
It is not sensational that human society is changing from farming society, industrial society to game society. The nine-to-five office workers, when they get home, take out all the ingenuity and talents that have not been fully utilized in their work, and enter them into games such as “Legend of Zelda”, “World of Warcraft”, “Halo” and “Sekiro”, or coordinate A complex multiplayer campaign, or indulge in tense solo raids. This phenomenon is becoming more and more common with the rise of the post-95s and post-00s. They have not rejected reality, they have jobs, goals, studies, families, commitments, and lives they care about, but they spend more and more time on…
