Tencent's earnings report is anticipated to positively impact its shares, which have dropped by about 60% from their peak three years ago. Tencent Music exceeded revenue estimates, with profits reaching $735 million despite a revenue decline. Pinduoduo (PDD) experienced a significant surge in share prices following a strong Q4 performance, reporting revenue and earnings beats. Tencent's revenue fell short of estimates, reflecting challenges in China's gaming and social media sectors amid an economic slowdown. Tencent saw a 44% growth in operating profit for 2023, while PDD achieved a two-fold increase in revenue and operating profit for the same year.