Shenzhen-based tech giant, which has been doubling down on its AI efforts, sees more than a 20 per cent jump in research and development efficiency.

Chinese tech giant Tencent Holdings beat analysts’ forecasts with a 15 per cent rise in third-quarter revenue, as the company’s artificial intelligence efforts continued to drive growth. Revenue for the Shenzhen-based firm reached 192.9 billion yuan (US$27.1 billion), up from 167.2 billion yuan in the same period last year. Net profit increased 19 per cent to 63.1 billion yuan in the September quarter, which surpassed the 55.9 billion yuan estimate from a Bloomberg poll of analysts. “Our…

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