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CXMT overtakes Tencent to become the most valuable Chinese company, with a ~$524B market cap, above Tencent's ~$510B; CXMT's Shanghai shares jumped 460%+ at IPO
(
www.bloomberg.com
)
5 days ago
China
IPO
Tencent
Shanghai
CXMT overtakes Tencent to become the most valuable Chinese company, with a ~$524B market cap, above Tencent's $510B; CXMT's Shanghai shares jumped 460%+ at IPO
(
www.bloomberg.com
)
5 days ago
China
IPO
Tencent
Shanghai
Tencent reports Q2 revenue up 11% YoY to ~$30.4B, above ~$30B est., and net income of ~$8.3B, driven by surging WeChat advertising and resilient game spending
(
www.bloomberg.com
)
6 days ago
WeChat
Tencent
Sources detail the troubled development of Tencent's ambitious, GTA-like game Last Sentinel, which has burned hundreds of millions of dollars over six years
(
www.bloomberg.com
)
16 days ago
Tencent
Tencent's Hong Kong-listed shares fall ~7%, the most since April 2025, as investors worry over “rumors” of weaker earnings on August 12, and NetEase drops 5%+
(
www.bloomberg.com
)
27 days ago
Hong Kong
Tencent
Source: Tencent is in talks to acquire Israeli game developer SuperPlay in a deal valuing SuperPlay at $1B-$1.5B; Playtika acquired SuperPlay in 2024 for $690M
(
www.calcalistech.com
)
29 days ago
Israel
Tencent
Sources: China's National AI Industry Investment Fund gained voting rights in DeepSeek by joining its $7.4B round; other investors like Tencent and JD got none
(
www.bloomberg.com
)
2026-7-18
China
AI
Tencent
OpenAI and Google sold AI services to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, reigniting calls for tighter US regulation of AI models
(
www.ft.com
)
2026-7-11
Google
Alibaba
AI
Tencent
Singapore
OpenAI and Google are providing advanced AI models to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, exposing a gap in US AI controls
(
www.ft.com
)
2026-7-10
Google
Alibaba
AI
Tencent
Singapore
Sources: Manus investors and management are discussing unwinding Meta's $2B buyout at the same valuation, with Tencent in talks to become the largest investor
(
www.ft.com
)
2026-7-10
Tencent
A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade
(
www.bloomberg.com
)
2026-7-7
Tencent
Tencent releases Hy3, a 295B-parameter model that it says is competitive with GLM-5.1 and 5.2, under the Apache 2.0 license, following a preview launch in April
(
venturebeat.com
)
2026-7-7
Tencent
Shenzhen-based Even Realities, a startup that makes smart glasses without cameras, raised a $150M pre-Series B led by Meituan and Tencent
(
techcrunch.com
)
2026-7-6
Startup
Tencent
Shenzhen
As a new law bars DOD from working with companies whose lobbyists also represent blacklisted entities, DC lobbying firms drop companies like Alibaba and Tencent
(
www.bloomberg.com
)
2026-6-30
Alibaba
Tencent
Sources: CXMT and Tencent sign a ~$3B, three-year DRAM supply agreement for servers ahead of CXMT's IPO; CXMT is in talks with other major Chinese companies
(
www.reuters.com
)
2026-6-29
China
IPO
Tencent
Sources: Tencent is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous, as it reassesses its global portfolio
(
www.bloomberg.com
)
2026-6-23
Japan
Tencent
Tokyo
Tencent starts testing the new Xiaowei AI assistant powered by WeLM and DeepSeek models in its WeChat app in China, in an effort to catch up in the AI race
(
www.bloomberg.com
)
2026-6-22
China
AI
WeChat
Tencent
Sources: the early Chinese backers of Manus, including HSG and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid
(
www.theinformation.com
)
2026-6-18
China
Startup
AI
Tencent
Tencent-backed Enflame receives approval for a Shanghai IPO and plans to raise ~$888M; Enflame is the last of China's four leading AI chipmakers to go to market
(
www.bloomberg.com
)
2026-6-15
China
IPO
AI
Tencent
Shanghai
Sources: DeepSeek is set to raise ~$7.4B in its first funding round from investors including Tencent and CATL at a valuation of between ~$52B and ~$59B
(
www.reuters.com
)
2026-6-3
Tencent
Sources: Tencent, which has fallen behind domestic rivals in AI models, plans to test an AI agent for WeChat with a small group of users before a phased rollout
(
www.ft.com
)
2026-6-2
AI
WeChat
Tencent
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
(
asia.nikkei.com
)
2026-5-29
China
AI
Tencent
Sources: the US cleared ~10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to buy Nvidia H200 chips, but no deliveries have been made
(
www.reuters.com
)
2026-5-14
China
Alibaba
Tencent
Nvidia
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”
(
www.theinformation.com
)
2026-5-14
China
AI
Tencent
Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est., amid a costly AI pivot; its stock is down 23% YTD
(
www.bloomberg.com
)
2026-5-13
AI
Tencent
China's CSI AI Index, which tracks AI supply chain companies, is up 28%+ YTD, while HK's Hang Seng Tech Index, which includes Alibaba and Tencent, is down 8%
(
www.ft.com
)
2026-5-13
China
Alibaba
AI
Tencent
Sources and memos: Tencent employees used Claude Code to assist them with evaluating and fine-tuning the company's new Hy3 model to improve its performance
(
www.theinformation.com
)
2026-4-28
Tencent
Tencent releases Hy3-preview, its first AI model developed under former OpenAI researcher Yao Shunyu; the model features 295B parameters, down from HY2's 400B
(
www.scmp.com
)
2026-4-23
AI
Tencent
Sources: Tencent and Alibaba are in talks to invest in DeepSeek at a $20B+ valuation, partly benchmarked against Moonshot's pending round at an $18B valuation
(
www.theinformation.com
)
2026-4-22
Alibaba
Tencent
Tencent launches an international beta for QClaw, its OpenClaw-based AI agent, and says the Chinese version, launched in March, reached over 1M users in 10 days
(
kr-asia.com
)
2026-4-22
China
AI
Tencent
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