Chinese tech giant Tencent sees spending surge, defends potential 'superior' AI returns

Tencent stock was down 26% so far in 2026 as the company faces intense competition in China in AI and investors grow jittery about its rising spending.

Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short  Reuters

BEIJING, Aug 12 : Tencent Holdings reported an 11 per cent rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.For the three months to the end of June, the Shenzhen-based gaming and internet company reported reven

Brava Energia reported Q2 2026 net income of R$871 million (US$170 million), down 16.9%, on record revenue of R$3.598 billion and adjusted EBITDA of R$1.774 billion.