TENCENT HLDGS UNSP/ADR - TCEHY STOCK NEWS

The 12th Annual Tencent WE Summit was held on November 3 at the Chengdu Science Fiction Museum, featuring five renowned scientists including two Nobel laureates. The summit, themed 'Tech Tree • Tipping Point', showcased groundbreaking scientific discoveries across quantum technology, gravitational waves, dark matter detection, neuroscience, and bioengineering. Tencent unveiled its 'Tech Tree' online product powered by the Hunyuan AI model, accessible through the Tencent Yuanbao app. The company plans to create a physical version of the Tech Tree as a permanent exhibit at its Science Museum in its new Qianhai headquarters.

Tencent (0700.HK) has launched Microcosm, an immersive digital experience of Beijing's Central Axis, coinciding with its addition to the UNESCO World Heritage List. The project, accessible via the Digital Central Axis Weixin Mini Program, offers a 3D virtual tour of the 7.8km historical landmark, including 15 heritage sites. Microcosm took three years to create, using advanced gametech to render 200km x 200km of virtual space with 2.2 million buildings and 300,000 plants.

The Mini Program also hosts the Digital Watchman project, allowing users to contribute to conservation efforts. With over 4.5 million visits and 800,000 registered users, the platform has engaged 17,000 volunteers who have submitted 70,000 inspection photos. This initiative demonstrates how digital innovation can revitalize and preserve cultural monuments in the digital era.

Tencent has launched Oracle Bones Corpus, an advanced online research platform designed to aid the study of ancient Chinese oracle bone scripts. The platform, available in Simplified Chinese, integrates AI to enhance glyph recognition, increasing the efficiency of mapping ancient characters to their modern counterparts.

It includes tools for visualizing shallow indentations and includes high-resolution 3D models, historical photos, and digital replicas. With AI assistance, the platform significantly speeds up the deciphering process. Tencent’s Indentation Highlight feature enhances the visibility of shallow carvings, making detailed analysis possible.

Additionally, Tencent has developed an educational Weixin Mini Program called Amazing Oracle Bones, which offers interactive experiences to engage the public in oracle bone research.

Tencent has announced the winners of its first phase of the CarbonX Program, aimed at advancing climate technologies. Thirteen teams emerged victorious from over 300 applicants, receiving approximately RMB 100 million (US$14 million) in financial support. Launched in March 2023, CarbonX focuses on carbon capture, utilization, and storage (CCUS) and technology-based carbon removal. Tencent has pledged RMB 200 million (US$28 million) over three years to support these initiatives. Projects include innovations in converting CO2 to sustainable fuels and using steel slag for carbon capture. The program aligns with Tencent's commitment to sustainable social value and aims to facilitate commercial scaling of these technologies. The next phase of CarbonX will be launched globally later this year.

The 6th Sino-UK Innovation and Development Forum was held from November 3-4, 2021, focusing on green innovation and inclusive development. Hosted by various institutions including the University of Surrey and the Chinese Academy of Sciences, the forum highlighted the importance of technology collaboration between China and the UK. Key discussions involved sustainable strategies, digital innovation, and recent cooperation in the auto and semiconductor sectors. Tencent emphasized 'Tech for Good' while stressing their commitment to corporate social responsibility and addressing global challenges.

Tencent Holdings Limited reported strong financial results for the first half and second quarter of 2021. Total revenues reached RMB273.6 billion (USD42.3 billion), a 23% year-on-year increase, while non-IFRS profit attributable to equity holders grew 17% to RMB67.2 billion (USD10.4 billion). Operating profit on an IFRS basis surged 42% to RMB108.8 billion (USD16.8 billion), reflecting a robust operating margin of 40%. The company's cash reserves stood at RMB255.2 billion (USD39.5 billion) at the end of June 2021. Key growth areas included FinTech services, online advertising, and video games.