Tencent 3Q Earnings May Miss Consensus on AI Spending, Citi Says
Citi analysts predict Tencent's third-quarter earnings could fall below market consensus due to increased artificial-intelligence-related expenditures. The firm forecasts Tencent's revenue to grow 8.3% to 208.9 billion yuan and adjusted net profit to decrease by 9.2% to 64 billion yuan, both figures expected to be lowe