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Tencent rebounds with 3,000 new hires in Q3

Tencent hired over 3,000 employees in Q3.

This signals growth after previous cutbacks. By September’s end, its workforce increased 3% year-on-year to 108,823, according to its earnings report.

This upswing in hiring began in Q2 when Tencent added 719 positions.

In recent years, its staff count declined from a peak in March 2022 due to cost-cutting prompted by regulatory and economic challenges.

Recent Tencent developments

Timeline
13-Nov-2024 💹 Tencent’s profit jumps 47% in Q3
  • Tencent profits surge 47% to 53.23 billion yuan
  • Gaming revenue up 14% despite slight revenue miss
13-Nov-2024 🎶 Tencent Music’s revenue misses expectations despite gains
  • Tencent Music reports 6.8% revenue rise.
  • Paying users up 15.5%, totaling 119 million.
07-Nov-2024 🤝 Tencent, Visa launch palm recognition for e-payments in SG
  • Tencent and Visa launch palm payment pilot in S’pore
  • Users pay by scanning palms at Alchemist café
05-Nov-2024 🤖 Tencent, Bosch deepen partnership for smarter EV tech
  • Tencent renews partnership with Bosch for AI
  • Focus on cloud computing and smart driving tech
30-Oct-2024 💰 Tencent-backed Airwallex targets $6b valuation
  • Airwallex seeks to raise US$200 million
  • Targets US$6 billion valuation by year-end

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