Tencent Holdings: Q2 revenue from fintech and enterprise services business increased by 10% year-on-year to RMB 55.5 billion

Tencent Holdings announced that the revenue of its financial technology and enterprise services business in the second quarter increased by 10% year-on-year to RMB 55.5 billion. The growth in revenue from financial technology services is benefiting from the increase in revenue from consumer loan services, commercial payment activities, and wealth management services. The growth rate of enterprise service revenue has accelerated compared to recent quarters, thanks to the increased demand for AI related services from enterprise customers, including GPU leasing and API token usage, as well as the increase in merchant technology service fees.