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Chinese Social Media Giant, Tencent Reports A 70 Percent Increase Of Profit; Starting AI Initiative

Tencent Holdings, the “Chinese Facebook” announced its quarterly result on Thursday, Aug. 17. The biggest gaming and social media firm in China posted its best result in the company’s history. The result was driven by the solid income from its smartphone games, payments, and online advertising. In its next step, Tencent has announced that they will enter the world of artificial intelligence.
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