Tencent is increasingly focused on AI and market expectations are building for successful AI moves. The future of the Chinese internet will be shaped by AI, and Tencent is well positioned.
Prosus is delivering strong results with profits up 85%, growing cash flow to $1.5 billion, and accelerating through AI. The company is becoming a European champion, and the discount to its Tencent stake will naturally narrow as profitability and growth continue.