AI becomes a key focus in Tencent and Alibaba's earnings reports; AI accounts for 30% of Alibaba Cloud’s external commercial revenue, with Hy3 preview usage exceeding the previous generation by 10 times.

① Both Tencent and Alibaba have highlighted AI as a key focus in their latest earnings reports. ② Alibaba's full-stack AI technology investment has entered the phase of scaled commercial returns, with AI accounting for 30% of its cloud external commercial revenue, and its self-developed chips have been deployed at scale. ③ The preview invocation volume of Tencent's Hy3 has exceeded ten times that of its previous generation, and Ma Huateng responded to the question of whether Tencent's AI is lagging behind.

cls.cnMay 13 22:54

Accelerated AI transformation drives Tencent's Q1 revenue up 9% year-on-year, adjusted net profit up 11%, with capital expenditure reaching RMB 37 billion.

Tencent's Q1 revenue reached RMB 196.5 billion, increasing by 9% year-on-year but slightly below expectations; net profit attributable to shareholders amounted to RMB 58.1 billion, surging 21% year-on-year and surpassing forecasts, with gross margin rising to 57%. The gaming business achieved record-high revenue streams, while marketing services income grew by 20%. Investment in the AI sector intensified, with the company stating that if the impact of AI products were excluded, core operating profit growth could reach 17%. Free cash flow for the period was RMB 56.7 billion, with capital expenditures of RMB 37 billion primarily allocated to AI. Net cash at the end of the period increased by RMB 40 billion quarter-on-quarter to RMB 146.9 billion.

wallstreetcnMay 13 22:18

Tencent Earnings Call: Token usage for HunYuan 3.0 surged tenfold, capital expenditure increased, and domestic chips will be delivered on a monthly basis starting in the second half of the year.

More updates to follow.

wallstreetcnMay 13 21:34

Express News | Tencent: The integration of mini-programs and AI represents the future development direction.

BreakingsMay 13 21:16

TENCENT To Go Ex-Dividend On May 15th, 2026 With 5.3 HKD Dividend Per Share

May 13th (Beijing Time) - $TENCENT(00700.HK)$ is trading ex-dividend on May 15th, 2026.Shareholders of record on May 18th, 2026 will receive 5.3 HKD dividend per share on June 1st, 2026. The ex-

Futu NewsMay 13 21:15

Express News | Tencent: AI-related capital expenditure will further increase in the second half of the year.

BreakingsMay 13 21:04