Tencent Vice President Li Qiang: 'War of a Hundred Shrimps' Is an Inevitable Stage; Domestic AI's Advantage Is Extreme Cost-Effectiveness

Wallstreetcn
2026.03.31 11:59

Li Qiang, Vice President of Tencent Group and President of Government and Enterprise Business, stated that Tencent Cloud's growth this year will mainly come from three core engines: AI, overseas expansion, and localization. Li admitted that the Agent (AI Agent) industry related to 'lobsters' is just beginning. "Whenever a hot spot appears, a large number of participants will emerge. From the previous War of a Hundred Models to the current War of a Hundred Shrimps, this is an inevitable stage in the industry's development." (The Paper)