Tencent reported a 15% year-on-year revenue growth in the third quarter of 2025, totaling 192.9 billion Chinese yuan ($27.12 billion). Operating profit reached 63.6 billion yuan, surpassing analysts’ expectations of 58.01 billion yuan. The company increased capital expenditure to enhance AI capabilities and expand cloud computing services to Europe, challenging AWS, Google Cloud, and Microsoft Azure. Tencent’s own AI model, Hunyuan, is used alongside DeepSeek in some products. Tencent shares are up 56.7% year-to-date.

Read more at CNBC

1. Apple announced a new feature called “SharePlay” for FaceTime during its Worldwide Developers Conference. SharePlay allows users to watch movies or listen to music together in real-time.

2. The U.S. is considering banning Chinese social media apps, including TikTok and WeChat, due to national security concerns. The ban may impact billions of users worldwide.

3. Amazon is planning to open department stores in the U.S., selling a wide range of products including electronics, clothing, and household items. The move is seen as a way to further expand its retail footprint.: Chinese tech giant Tencent’s quarterly revenue rises 15%, fueled by AI