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

BEIJING — Tencent Holdings reported an 11 per cent rise in second-quarter revenue on Wednesday (Aug 12), driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.Net profit, however, rose only 0.7 per cent in the quarter from a year earlier to 56 billion yuan ($10.6 billion), falling short of analyst expectations...