💨 Abstract
Chinese tech giant Tencent plans to boost capital expenditure to the "low teens" in 2025, focusing on artificial intelligence (AI) development and infrastructure. Capital expenditure for 2024 surged to $10.7 billion, reaching 12% of total revenue. Tencent beat analyst expectations, with revenue of 172.4 billion yuan for Q4, up 11%.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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