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Tencent Posts 15% Q2 Revenue Growth Driven By Gaming And AI Expansion

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Tencent Holdings has reported a 15% year-on-year increase in revenue for the second quarter of 2025, boosted by strong performances in both its domestic and international gaming segments, alongside growing benefits from artificial intelligence-driven services.

The Chinese tech giant recorded total revenue of 184.5 billion yuan (\$25.4 billion) for the three-month period ending June 30, exceeding analyst expectations of 178.5 billion yuan. Net profit for the quarter reached 55.6 billion yuan, also surpassing forecasts of 52.3 billion yuan.

Domestic gaming revenue rose by 17% to 40.4 billion yuan, with the flagship title *Honor of Kings maintaining its position as one of China’s most lucrative games. International gaming revenue surged by 35% to 18.8 billion yuan, driven largely by the popularity of Dungeon & Fighter Mobile and other blockbuster titles.

The company’s online marketing services business also delivered strong results, with revenue climbing 20% year-on-year to 35.8 billion yuan. Tencent credited the growth to improvements in AI-enhanced advertising strategies that have increased engagement and conversion rates for brands using its platforms.

Tencent has significantly increased its spending on AI infrastructure and capabilities. The firm’s total capital expenditure in 2024 was 76.8 billion yuan, and Q2 2025’s capital expenditure more than doubled compared to the same period last year, reaching 19.1 billion yuan.

In AI development, Tencent continues to advance its large language model Hunyuan, launching the upgraded Hunyuan Turbo S in February. The company also incorporates third-party AI systems such as DeepSeek, which powers various services including the WeChat messaging platform, used by over a billion people monthly. Tencent’s AI assistant Yuanbao became the most-downloaded iPhone app in China in March, reflecting growing consumer adoption of its AI offerings.

With gaming still a major revenue driver and AI investments expanding rapidly, Tencent appears positioned to strengthen its leadership in China’s digital economy. The company’s performance in Q2 suggests that the combination of entertainment, advertising, and advanced technology will remain at the core of its growth strategy in the coming quarters.

What CHAN Knock Out Means For Nigerian Football

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Nigeria’s Super Eagles B have been knocked out of the 8th African Nations Championship (CHAN) following a humiliating 4-0 defeat to Sudan in Zanzibar.

The result leaves the team with no chance of progressing to the knockout stage, even with one group game left to play.

The match started on a disastrous note for Nigeria when defender Leonard Ngenge, already under criticism for a shaky performance in the previous match against Senegal, turned the ball into his own net in the 23rd minute.

Matters worsened before halftime when Ngenge handled the ball in the penalty area, allowing Sudan’s Khidir to convert from the spot.

The second half offered no relief for Nigeria as Sudan’s Abdelrazig Omer struck twice—in the 55th and 62nd minutes—both goals showcasing the Eagles’ defensive frailties.

The 4-0 loss equals Nigeria’s joint-worst defeat in CHAN history, matching the 2018 final loss to Morocco.

In two games so far, Nigeria has failed to score a single goal while conceding five. Their final group fixture against Congo in Dar es Salaam will now be a formality.

Where It Went Wrong

Nigeria’s elimination highlights a series of shortcomings, from individual errors to tactical disorganization.

The own goal and penalty came from lapses in concentration, while the inability to recover in the second half exposed a lack of defensive depth and resilience. Poor finishing and lack of creativity in attack meant the team rarely troubled the Sudanese defence.

These issues raise questions about player selection, match preparation, and the readiness of the squad to compete at this level.

What This Means For Nigerian Football

CHAN offers a rare platform for players from Nigeria’s domestic league to prove themselves on the continental stage. This early exit robs many of them of the exposure needed to advance to the senior national team or secure professional moves abroad.

The defeat also puts pressure on the Nigeria Football Federation (NFF) and head coach Eric Chelle, who will likely face calls to reassess strategy, preparation, and overall management of the home-based team.

The Road Ahead

Nigeria must now regroup and address the flaws that led to this poor showing. Improving the quality of the Nigeria Premier Football League, strengthening grassroots player development, and enhancing tactical discipline will be crucial. With the next CHAN set for 2026, the NFF will need to start scouting and preparing early to ensure the Super Eagles B return stronger. In the short term, the focus will shift to salvaging pride in the final group match, even though qualification is out of reach.

EU Warns Against Altering Ukraine’s Borders

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Three days before the planned Alaska meeting between US President Donald Trump and Russian leader Vladimir Putin, European leaders have issued a warning against any attempt to redraw Ukraine’s borders through military action.

In their joint declaration, the leaders stated that “the people of Ukraine must have the freedom to decide their future” and stressed that “territorial integrity” must be upheld while “international borders must not be changed by force”.

Of the 27 EU member states, 26 signed the statement. Hungary’s prime minister, Viktor Orban, did not add his name, consistent with his ongoing alignment with Moscow and repeated attempts to stall EU assistance to Kyiv.

The move reflects Europe’s deep anxiety over Russia’s actions in Ukraine, especially among states that share a border with Russia or still recall Soviet occupation. In recent years, Finland and Sweden have joined NATO, the Baltic states have reinstated mandatory military service, and Poland has committed vast funds to building a barrier along its Russian frontier.

European governments fear Washington could permit border changes in Ukraine, something they see as unacceptable. Official recognition of Russia’s authority over seized territories would directly clash with EU principles.

Trump has previously said that “some swapping of territories” might be part of a peace plan, potentially leaving all of the Donbas and Crimea in Russian hands, while Moscow would cede the partially occupied Kherson and Zaporizhzhia regions.

Last week, NATO Secretary-General Mark Rutte acknowledged the likelihood of continued Russian control over some Ukrainian territory but insisted that this should never receive formal recognition. Changing Ukraine’s constitution to legally confirm such control would require a referendum approved by parliament — a process that could topple President Volodymyr Zelensky’s government.

This is why, as analyst Prof Mark Galeotti explained, “no-one is talking about international formal recognition”. He added, “We would be recognising that for the moment Russia does control almost 20% of Ukraine but international borders remain what they are,” suggesting Zelensky might accept de facto Russian control without altering the constitution.

The joint statement also warned that “Russia’s war of aggression against Ukraine has wider implications for European and international security” and emphasised the importance of achieving a “just and lasting peace”. Leaders underlined the need for Ukraine to “defend itself effectively” and vowed ongoing military assistance as it exercises “its inherent right of self defence”.

“The European Union underlines the inherent right of Ukraine to choose its own destiny and will continue supporting Ukraine on its path towards EU membership,” the declaration concluded.

Hungary’s absence from the list of signatories was highlighted in a note at the bottom of the statement. Orban later said on social media that he refused to back it because it set conditions for a meeting to which the EU had not been invited, cautioning fellow leaders against “providing instructions from the bench”. He also called for the EU to arrange its own negotiations with Russia — something Brussels has avoided since the 2022 invasion began.

Trump said on Monday that he had asked Orban for his opinion on Ukraine’s chances in the war. “He looked at me like, ‘What a stupid question’,” Trump said, implying Orban believed Russia would fight until it claimed victory.

The Trump-Putin summit is scheduled for Friday, while Trump is due to speak with EU leaders, including UK Prime Minister Sir Keir Starmer, on Wednesday. Starmer has said that any peace must be “built with Ukraine, not imposed upon it”.

European officials hope to use the talks to reinforce Ukraine’s priorities and European security interests, amid concerns that a future settlement could be neither “just” nor “lasting”.

CHIVIDO2025: Key Figures And Highlight Moments At The Wedding

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Afrobeat star and music artist, David Adeleke, popularly known as David and his wife. Chioma Rowland’s highly anticipated white wedding on Sunday 10th of August in Miami, United States, brought together an extraordinary mix of political leaders, global business tycoons, music icons, and celebrity influencers.

Flying in style aboard a private jet, the couple touched down days before the event, surrounded by close friends and family.

Key Notable Figures In Attendance

The event was graced by so many individuals, featuring leaders, entertainers, and cultural icons from across the world.

Politicians & Business Leaders

Governor Ademola Adeleke (Osun State)

Aliko Dangote — Africa’s wealthiest man and Davido’s godfather

Musicians & Entertainers

D’Banj

Adekunle Gold

Teni the Entertainer

Kirk Franklin

Shenseea

Zlatan Ibile

Socialites & Influencers

Obi Cubana and wife

Liquorose

Cobhams Asuquo, Dammy Twitch, and B-Red

Ghanaian Icons

Stonebwoy and wife, Dr. Louisa

Edwina Akufo-Addo — daughter of Ghana’s former President

Highlight Moments & Finale

Pre-wedding “Havana Night” set the tone with lively Latin-inspired energy, bold fashion, and unforgettable beats.

The wedding featured live performances by D’Banj and Adekunle Gold.

At the close of the celebrations, Davido revealed that the total cash outlay for the Miami wedding stood at a staggering US $3.7 million.

The wedding vow of Davido to Chioma.

Davido’s gift of $300k Richiard Mille Diamond Wrist Watch to Chioma

Chinese Factories Slash Wages Amid US Tariff Pressure

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Chinese factories are feeling the strain from escalating U.S. tariffs, pushing owners to adopt drastic cost-cutting measures. In Foshan, kitchen cabinet manufacturer Mike Chai has reduced wages by nearly 30%, shortened worker shifts, and placed employees on unpaid leave to keep operations running. His workforce has already been cut in half since the pandemic, now standing at about 100.

Many manufacturers are relying more on temporary labor to avoid long-term obligations such as pensions and insurance. This shift has increased underemployment and weakened consumer confidence, even as official unemployment figures appear steady.

Exports to the U.S. dropped by more than 21% in July, while shipments to markets in Australia and Southeast Asia rose sharply, showing a pivot in trade routes. Wage cuts and shrinking job opportunities are hitting rural migrant workers hardest. Meanwhile, inflation in retail sales has flatlined, adding to the deflationary pressure across the economy.

Pakistan: Nine Soldiers Killed In Deadly Balochistan Militant Attack

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Nine Pakistani soldiers lost their lives in a coordinated militant assault on security installations in Balochistan’s Washuk district on Monday, officials confirmed. The attack occurred just hours after the United States formally designated the Baloch Liberation Army (BLA) as a foreign terrorist organisation, upgrading its previous classification as a “specially designated global terrorist” group.

The BLA, long active in the mineral-rich but volatile southwestern province, has claimed responsibility for several high-profile attacks in recent years, although no group has yet taken responsibility for Monday’s assault.

According to local authorities, dozens of armed militants on motorbikes stormed both a police station and a Frontier Corps compound in Basima city, hurling grenades, ransacking the premises, and engaging security forces in a fierce exchange of gunfire. The soldiers killed were reportedly en route to respond to the initial attack when they were ambushed. The incident also left several other soldiers injured, deepening concerns about the security situation in a province already marked by insurgency and separatist violence.

How Did The Attack Start?

Officials say the violence began when 40–50 militants launched simultaneous strikes on key government facilities in Basima. First targeting a police station, the attackers then moved to the Frontier Corps compound, using hand grenades and heavy gunfire. The military personnel who later responded to the call for backup were intercepted by the militants, resulting in the deaths of nine soldiers.

Were There Other Casualties?

Beyond the nine fatalities, six soldiers sustained injuries during the confrontation, according to provincial authorities. While there are no official reports of civilian deaths, damage to government property and the ransacking of offices have been confirmed.

What Is The Government Saying?

Speaking on condition of anonymity, senior provincial officials described the incident as a “coordinated terrorist assault” and linked it to separatist elements in the region. Although the BLA has not claimed responsibility, the attack bears similarities to previous operations attributed to the group. Officials have pledged to intensify counterterrorism operations in Balochistan and have stressed the need for enhanced intelligence sharing to prevent future attacks.

What Next?

The attack has reignited calls for stronger military presence in the province and greater cooperation between local and federal security agencies. The fresh U.S. designation of the BLA as a foreign terrorist organisation may pave the way for broader international counterterrorism support to Pakistan, including intelligence cooperation and financial sanctions targeting the group’s networks. Meanwhile, residents of Washuk district remain on high alert as security forces conduct combing operations in search of the attackers.

NSDC, Firms Sign Agreement To Produce 400,000 MT Of Sugar Annually

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Nigeria’s National Sugar Development Council (NSDC) has finalized an agreement with four companies to initiate fresh sugar production projects that are expected to generate 400,000 tonnes of sugar annually.

The NSDC disclosed this following the official signing ceremony held in Abuja.

It noted that the initiative marks a new milestone in the government’s broader strategy to reduce dependence on imported sugar and move toward full local production.

Per the agency, the selected companies, Brent Sugar in Oyo, Niger Foods in Niger, Legacy Sugar in Adamawa, and UMZA in Bauchi will each establish facilities with an annual output target of 100,000 tonnes, spread strategically across Nigeria’s key farming zones.

“The geographic spread from Nigeria’s south-west to north-east reflects a deliberate strategy to leverage diverse agricultural conditions and distribute economic benefits across regions.”

“The agreements, signed at NSDC’s Abuja headquarters, represent a significant scaling of Nigeria’s sugar development ambitions. Under the terms, the council will provide customised project development support and cover critical service costs to ensure the ventures achieve commercial viability.”

These new ventures are part of a broader, more assertive approach to revamping Nigeria’s sugar industry. Recently, the NSDC entered into a formal collaboration with a Chinese enterprise, focused on delivering engineering, procurement, and construction services, as well as financing for up to five sugar estates, a plan with an estimated investment value of $1 billion.

 “This Chinese partnership underscores Nigeria’s willingness to leverage foreign expertise and capital to rapidly develop domestic capacity,” the statement partly reads.

In his remarks, the Council’s Executive Secretary/CEO, Mr. Kamar Bakrin, mentioned that 2025 has been earmarked as a period of “accelerated development” within the sugar industry.

He emphasized that this effort reflects a heightened commitment to improving food resilience and curbing reliance on imports.

Bakrin pointed out that evolving trends in global commodity trade have made local production significantly more viable than ever, presenting an ideal opportunity to expand domestic capabilities at scale.

Tinubu Assigns Pam Botmang As Plateau Representative

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President Bola Ahmed Tinubu has selected Hon. Pam Botmang, a former Works Commissioner from Plateau State, to serve as the state’s representative on the Federal Character Commission board.

Prior to this new role, Hon. Botmang held the position of Director of Communication and Public Relations with the Tinubu Initiative for National Transformation (TINT).

A son of the late Sir Michael Botmang, who once served as the state’s Deputy Governor, Pam Botmang also previously contested as the deputy governorship candidate alongside Prof. Nentawe Yilwatda under the All Progressives Congress (APC) banner in the 2023 Plateau State elections, though their ticket was defeated by Governor Caleb Manasseh Mutfwang.

As numerous stakeholders and political allies express their commendations for the appointment, Senator Simon Bako Lalong, who represents Plateau South and is a senior APC figure in the region, has also extended his congratulations.

In his Tuesday message, Lalong remarked, “the appointment of Botmang is well deserved and suitable because of his vast experience in the public and private sectors, where he performed creditably.”

He added that, during Botmang’s time in his administration as Commissioner, “he has proven his capacity to manage human and material resources effectively by carrying out many infrastructural projects that are visible across the state.”

Nigeria Among 67 Countries Targeted In Trump’s New Tariff Policy

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President Donald Trump has rolled out a new trade policy that imposes tariffs on Nigeria and 66 other countries as part of a major shift in U.S. import regulations.

Under the new measure, Nigeria will face a 15% tariff rate, alongside other African nations such as Ghana, the Democratic Republic of Congo, Côte d’Ivoire, Botswana, Namibia, and Uganda, which have also been assigned the same percentage. South Africa, Algeria, and Libya face higher tariffs of 30% each.

The new tariff structure introduces a blanket 10% import duty on all goods entering the United States, with specific countries and product categories facing steeper charges. China has been hit with a 30% tariff, along with additional product-specific duties. Brazil faces a 50% tariff, though certain industries like aircraft and energy may benefit from lower rates. Canada, India, and other countries also face tailored tariffs, with India seeing a 25% rate that could increase by another 25% from August 28.

Critics have warned that the policy could disrupt global trade, increase consumer prices, and trigger retaliatory measures from affected countries, while trade experts caution that disputes could arise at the World Trade Organization.

David Stockbrink Receives Flying Eagles Call-Up Ahead Of U-20 World Cup

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Abuja, Nigerian youth sensation David Stockbrink has been invited to the Flying Eagles’ U-20 training camp, which is set to begin on August 18 in Abuja. The camp is in preparation for the upcoming FIFA U-20 World Cup in Chile in 2025.

The invitation, signed by Mohammed Maikano on behalf of the Nigeria Football Federation (NFF) Secretary-General, calls for Stockbrink to join other prospective players as they begin their pre-tournament preparations.

This news comes as Stockbrink makes a triumphant return to action. In a recent warm-up match between Fortuna Sittard’s senior team and the U-21 side, he scored the opening goal and provided two assists, leading the senior team to a 2-0 victory. The young forward, who has been a standout for the club’s U-19 and U-21 teams since joining in January 2025, is now being considered for a spot on the senior team, which competes in the Dutch Eerste Divisie.

After the match, Stockbrink expressed his gratitude for the opportunity to represent his country. “I am so happy to receive this invitation to join the Flying Eagles camp for the World Cup,” he said. “I’m really looking forward to the opportunity to play for Nigeria and will do my best. I’m back in full fitness following my injury setback and will do my best in the colors of Nigeria.”
Stockbrink will join his teammates in Abuja when the camp officially opens on August 18.