BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Tencent Sets Sights on AI Dominance Amid Gaming Revenue Slump

Michael Juanico by Michael Juanico
January 30, 2024
in BUSINESS, GAMING, TECHNOLOGY
Reading Time: 3 mins read
1
SHARES
22
VIEWS
Share on XShare in TelegramShare on Reddit
  • Tencent, China’s most valuable tech company, is shifting focus to AI as gaming revenue declines after long dominating China’s gaming industry.
  • In light of declining gaming revenue, Tencent will devote more resources to AI research and development, betting heavily on its ChatGPT competitor Hunyuan to drive AI ambitions.
  • As gaming declines, Tencent is strategically pursuing AI for future revenue growth, but faces stiff competition from domestic and international AI leaders like OpenAI and Nvidia.

Tencent, China’s most valuable tech company, is shifting its focus to artificial intelligence as revenue from its core gaming business declines.

JUST IN: 🇨🇳 $2.6 trillion Tencent is pivoting to AI in response to falling profits in its gaming division

— BlockNews.com (@blocknewsdotcom) January 30, 2024

Tencent’s Gaming Dominance Slips

Tencent has long dominated China’s lucrative gaming industry, publishing massive hits like PUBG Battlegrounds and Honor of Kings. Gaming has comprised nearly a third of Tencent’s overall profits.

However, the Chinese gaming industry has cooled recently. Revenues dropped from $169 billion in 2018 to just $158 million in 2022, according to The Verdict.

At a recent corporate event, Tencent CEO Pony Ma acknowledged the company’s gaming business faced “significant challenges” over the past year. He admitted Tencent was losing ground to competitors releasing hot new titles.

Pivoting to Artificial Intelligence

In light of declining gaming revenue, Ma signaled Tencent will shift more resources to AI research and development.

While not currently an AI leader, Ma said Tencent is closing the gap with top firms. The company is betting heavily on Hunyuan, its ChatGPT competitor, to drive AI ambitions.

Tencent launched Hunyuan last September for enterprise use. The conversational AI quickly gained popularity alongside models from Alibaba and Baidu.

China aims to lead AI globally by 2030. But with OpenAI’s ChatGPT commanding the conversational AI space, and Nvidia leading in hardware, China’s goals look uncertain.

The Road Ahead

As gaming declines, Tencent is strategically pursuing AI to drive future revenue growth. But the company faces stiff competition from both domestic and international AI leaders.

Tencent’s success will depend on quickly building capabilities around Hunyuan and other AI technologies. With China’s tech industry maturing, Tencent must adapt its strategy to maintain dominance.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: artificial intelligenceChatGPTHonor of KingsPony MaTencent
TweetShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

CLASH Token’s Friday Night Tournament Brings Web3 Heat to Clash Royale: Everything You Need to Know
CRYPTO

CLASH Token’s Friday Night Tournament Brings Web3 Heat to Clash Royale: Everything You Need to Know

October 17, 2025
Sony Aims to Become a Crypto Banking Power With Stablecoin Ambitions: What You Need to Know
BUSINESS

Sony Aims to Become a Crypto Banking Power With Stablecoin Ambitions: What You Need to Know

October 15, 2025
Meta to Invest $1.5 Billion in AI Data Center in Texas: Here is What You Need to Know
FINANCE

Meta to Invest $1.5 Billion in AI Data Center in Texas: Here is What You Need to Know

October 15, 2025
Aurelion Treasury Launches Nasdaq’s First Tether Gold Reserve in $150M Move
BUSINESS

Aurelion Treasury Launches Nasdaq’s First Tether Gold Reserve in $150M Move

October 11, 2025
What is Akash Network? Why AKT Could be the Biggest AI Crypto of 2025
CRYPTO

What is Akash Network? Why AKT Could be the Biggest AI Crypto of 2025

October 8, 2025
What is $CLASH?: The Meme Coin Merging Crypto and Gaming in Clash Royale
CRYPTO

What is $CLASH?: The Meme Coin Merging Crypto and Gaming in Clash Royale

October 6, 2025
Load More

Related News

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

October 18, 2025
TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

October 18, 2025
Dogecoin Starts Showing Signs of Life as Buyers Step Back In

Dogecoin Starts Showing Signs of Life as Buyers Step Back In

October 18, 2025
Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

October 18, 2025
Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

October 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews