China’s Tencent meets expectations with fourth-quarter results as AI wave lifts all boats

Tencent Holdings’s net income stayed largely in line with analyst expectations in the fourth quarter of 2025, registering a 17 per cent jump amid an artificial intelligence boom that is reshaping the global economy and fuelling a frenzy in China. The tech giant’s quarterly profits reached 64.7 billion yuan (US$9.4 billion) on a non-IFRS basis, just shy of analysts’ estimates of 64.9 billion yuan. Total sales reached 194.4 billion yuan for the quarter, a year-on-year increase of 13 per cent,...

By Iris Deng