Tag: Tencent

Enflame Soars 188% in Shanghai Debut, Tapping China’s AI Chip Fever

Nvidia rival Enflame surged as much as 188% on its Shanghai debut Friday, valuing the Tencent-backed AI chipmaker at 176.4 billion yuan.

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

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