Tencent News - August 2026

CXMT Overtakes Tencent as China's Most Valuable Company, Led by AI Demand

CXMT Corp. has overtaken Tencent Holdings to become the most valuable company in China. CXMT’s market capitalization reached approximately $524 billion on...

Tencent Revenue Beats Estimates, Hit by Record AI Infrastructure Spending

Tencent Holdings reported second-quarter revenue of 204.8 billion yuan ($30.4 billion). Revenue increased 11% year-over-year, surpassing analyst estimates....