Capex nearly doubled to $3.8B as Tencent scaled its Hunyuan foundation model, Yuanbao chatbot, and GPU reserves amid U.S. chip export controls. With integrations like DeepSeek and a growing AI ecosystem, Tencent is positioning itself as a core AI force in China. Analysts highlighted its high-margin ad business, strong chip inventory, and expanding operating leverage. Despite macro and trade headwinds, shares are up ~25% YTD, reinforcing Tencent’s leadership in China’s AI-driven tech resurgence.
Depositary Receipt on TENCENT Issued by KTB forum
Capex nearly doubled to $3.8B as Tencent scaled its Hunyuan foundation model, Yuanbao chatbot, and GPU reserves amid U.S. chip export controls. With integrations like DeepSeek and a growing AI ecosystem, Tencent is positioning itself as a core AI force in China. Analysts highlighted its high-margin ad business, strong chip inventory, and expanding operating leverage. Despite macro and trade headwinds, shares are up ~25% YTD, reinforcing Tencent’s leadership in China’s AI-driven tech resurgence.
Idea: Tencent’s $11B AI Investment |…


$700 tencent full analysis Idea: Tencent Holdings Ltd
$700
Analyse Tencent HK
- Strong move currently, MCDX+ banker bar above 90%
- set resistance at the price 327 on daily
Analyse Tencent HK
- Strong move currently, MCDX+ banker bar above 90%
- set resistance at the price 327 on daily
