Tencent bets on smaller AI models in the race with Chinese rivals, as EVP Dowson Tong says AI now contributes 20%+ of its revenue and 95%+ of new internal code
HONG KONG — As competition for AI users intensifies in China, Tencent is taking a different approach than rivals Alibaba …
Tencent says it plans to spend significantly more on AI infrastructure in H2 2026 as more China-designed AI chips become available “month by month”
Tencent Holdings is gearing up to spend more on AI infrastructure after chip shortages began showing signs of relief.
China's CSI AI Index, which tracks AI supply chain companies, is up 28%+ YTD; Hong Kong's Hang Seng Tech Index, which includes Alibaba and Tencent, is down 8%+
Tencent and Alibaba left behind as investors focus on pure AI plays — China's big tech companies including Alibaba and Tencent …
Z.ai prices its most advanced model, GLM-5.1, 8% to 17% higher than GLM-5 Turbo, joining Alibaba and Tencent in raising prices as agentic AI demand surges
Luz Ding /Bloomberg:
A look at Tencent-backed Even Realities, which makes $600 G2 smartglasses with no cameras; Omdia says AI smartglasses shipments grew 322% YoY to 8.7M in 2025
Tencent reports Q4 revenue up 13% YoY to ~$28.3B, vs. ~$28.2B est., its fifth quarter of double-digit growth, driven by gaming and ads, as it bets on agentic AI
Tencent Holdings Ltd. posted a 13% rise in quarterly revenue, underscoring solid momentum in its core gaming and advertising units while it ramps up a bet on agentic AI.
Baidu is integrating OpenClaw with its Xiaodu devices to work as voice-controlled remotes, joining Tencent and Alibaba in racing to capitalize on agentic AI
Baidu Inc. is betting on the breakout success of OpenClaw to offset a decline in its core business.
Alibaba and Tencent are releasing new models and spending millions on “red envelope” freebies to woo users ahead of the Lunar New Year
HONG KONG — China's biggest AI companies are releasing new models and handing out “red envelope” …
Alibaba says it will spend ~$431M in a Lunar New Year campaign from February 6 to attract users to its Qwen AI app, above Tencent's ~$143.7M and Baidu's ~$71.8M
Alibaba (9988.HK) said on Monday it will spend 3 billion yuan ($431 million) to attract users to its Qwen AI app during the Lunar …