TencentTencent nearly tripled capital spending in Q2 to 52.8 billion yuan, up 176% year on year, to back its AI push. Revenue rose 11% to 204.8 billion yuan for the quarter ended June 30, beating analyst estimates, while adjusted net income reached 68.4 billion yuan. CEO Pony Ma cited progress on building a new AI-empowered Tencent.
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