News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
TENCENT: Hunyuan 3.0 Token Usage Surges 10x+; 2H Capex to Spike as AI Chips Arrive
TENCENT (00700.HK) management said at its results briefing that AI models and application services are becoming a new growth engine for the company. With continuous iteration and d...
Reset
Send
The window will close in 5 seconds
TENCENT: Hunyuan 3.0 Token Usage Surges 10x+; 2H Capex to Spike as AI Chips Arrive
Close
Recommend
18
Positive
26
Negative
9
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

TENCENT (00700.HK)  +2.200 (+0.518%)    Short selling $1.13B; Ratio 5.480%   management said at its results briefing that AI models and application services are becoming a new growth engine for the company. With continuous iteration and deep integration of the Hunyuan model series, demand for AI services from both Tencent's core internal products and external clients is elevating exponentially.

Tencent Hunyuan's Hy3preview was officially launched in April 2026. Since April 28, measured by token consumption, the model has become the most widely used model on the OpenRouter platform. Even after the free trial period ended on May 8, its leading position remained solid. For internal deployment, the model has been connected to 131 Tencent products, with current token calls proliferating by at least 10x compared with Hunyuan 2.0.

Related News Jefferies: China Open-Source Models Lag US Leading Closed-Source Models by Only 3-6 Months; TENCENT (00700.HK), BABA-W (09988.HK) Have Competitive Edge in Consumer Traffic
Management noted that, as domestically designed AI chips in China see increasing monthly supply throughout the year, capex will leapfrog in 2H26. Operating capex in 1Q26 surged 84% QoQ, confirming the start of this trend.

On capital returns, management said it will replenish free cash flow by accelerating the disposal of its investment portfolio to ensure sustained share buybacks amid accelerating AI-related capex. Free cash flow in 1Q26 reached RMB56.7 billion, up 20% YoY; cash reserves at quarter-end were approximately RMB146.9 billion, up 37% QoQ. About RMB7.9 billion worth of shares were repurchased in 1Q26.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.