Nomura released a research report estimating TENCENT (00700.HK) +1.000 (+0.193%) Short selling $477.68M; Ratio 13.001% 's 2Q25 revenue to be RMB177 billion, up 10% YoY, slightly below market consensus by 1%. Of which, online advertising revenue is expected to grow by 18% YoY, primarily driven by video account ads, which may account for a quarter of the advertising segment. Fintech and business services revenue is projected to hike by 5%, while online game revenue is anticipated to increase by 15% YoY.Related NewsM Stanley Lifts TENCENT's TP to HKD650, Anticipates Stable Rev. & Earnings Growth for 2Q25Therefore, Nomura kept rating at Buy on TENCENT, with a target price of $670.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 12:25.)