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Tencent recorded a 15% year-on-year revenue increase in Q2 to 184.5 billion yuan ($25.7 billion), exceeding analysts' estimates of 3%.

The tech giant says revenue from domestic games increased 17% year-on-year in Q2, while international games saw a 35% rise.

Tencent Holdings Ltd.’s revenue beat estimates, bolstering investor expectations that its expanding gaming and social media portfolio will provide dry powder for an intensifying global AI race.