(Yicai) January 30 — Pony Ma, Chairman, Managing Director and Founder of Tencent Holdings, issued an update on the Chinese tech giant’s main business segments, including artificial intelligence and gaming, during of the annual staff meeting.
Tencent’s AI technology is keeping pace with major players in the industry, Ma said yesterday, adding that while it is not at the top, it is not too far behind.
The Shenzhen-based company will apply its general large-scale Hunyuan language model in various scenarios instead of creating a new native AI application in the short term, Ma noted.
Tencent unveiled its first self-developed LLM Hunyuan last September and integrated it with WeChat, QQ, video games and other business segments. Advertising revenue for the company’s AI business increased 20% to CNY 25.7 billion (USD 3.6 billion) in the third quarter of last year from a year earlier, driven by the boost thumb brought by the launch of Hunyuan.
The video game sector is Tencent’s biggest hope for internationalization, Ma said at the meeting. In recent years, Tencent has taken the lead in the research and development of mobile games and the online operation of popular foreign games in China, he noted, adding that he hopes the company will be able to succeed in game development rather than becoming the enemy of other game companies. or hardware manufacturers.
Tencent’s overseas gaming revenue ranked second after MiHoYo Network Technology last year for the second consecutive year, according to Sensor Tower data. Overseas gaming revenues of Tencent and MiHoYo are expected to have increased by 13% and 14% respectively last year compared to the previous year.
Tencent faced big challenges from emerging game developers and the shift to content-based games last year, so the company cannot rest on its laurels, Ma stressed.
Ma also commented on WeChat, saying that the social media platform was established 12 years ago and so the big problem is how to innovate now. Mini-programs, mini-games and research activities are the basis for WeChat’s future development, he noted.
Tencent Cloud’s revenue increased 11% to CNY 5.1 billion (USD 710.6 million) in the third quarter of last year from a year earlier, ranking fourth among companies Chinese Internet by capturing 9.5% of the national infrastructure as a service and platform as a service. services market, down 0.4 percentage points from the same period a year ago, according to data from the International Data Corporation.
Tencent Cloud’s revenue is not high, but quality and durability are the most important aspects, Ma said.
Publisher: Futura Costaglione
