SGTENCT@EP2611A

CLSA expects Tencent to See Robust Revenue Growth in 2026 With AI Investment Impacting Profit Margins

Tencent's Hunyuan team uses a 'skill map' to solve AI agent training challenges on terminal devices

Tencent responds to grayed-out voice message prompts in iOS WeChat, stating it is a grayscale test

Tencent and Baidu reportedly co-invest in robotic dexterous hand developer Agilink

Shanghai Critical Point Innovation Intelligent Technology Co., Ltd. Adds Tencent and Baidu as Shareholders

Tencent invests in dexterous robotic hand developer '临界点' (Critical Point)

Tencent Open-Sources OpenSearch-VL to Break Through Bottlenecks in Multimodal Search AI Agent Training

Tencent to launch a new roguelike game in May

Tencent Hybrid Hy3 Preview Model Token Usage Grows Significantly

Tencent Music took down over 250,000 songs in 2025 to address emerging AI risks

Tencent Holdings Releases April Monthly Return of Equity Issuer, Share Capital Slightly Decreases

Game Science receives strategic financing from Tencent Investment

Tencent Music receives buy ratings from multiple institutions, but the suspension of quarterly user data updates raises concerns

Report Shows Active Equity Funds Significantly Reduced Tencent Holdings in Q1 2026

Tencent Releases 2025 Weixin Brand Protection Report, Showcasing IP Protection Achievements

Tencent and Alibaba are reportedly in talks to invest in AI startup DeepSeek, with a valuation that could exceed $20 billion

National Integrated Circuit Fund Negotiates to Lead DeepSeek's First Round of Financing

Tencent takes over Game Science shares previously held by Hero Interactive Entertainment

Tencent Holdings Continues to Be a Main Force in Hong Kong Stock Buybacks

Tencent to Release FY2026 Q1 Earnings on May 13 After-Market (BJT), Forecast Revenue HKD 227.69 B, EPS HKD 6.996

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DeepSeek is negotiating its first venture capital round, with its valuation potentially rising from $20 billion to $45 billion. The Chinese AI lab gained attention in early 2025 for its cost-effective large language model. Founded by billionaire Liang Wenfeng, DeepSeek aims to retain talent amid competition. The funding round may be led by the China Integrated Circuit Industry Investment Fund, as China seeks to bolster its AI capabilities independently. Major players like Tencent and Alibaba are also considering participation.

- DeepSeek is negotiating its first venture capital round, with its valuation rising from $20 billion to $45 billion within weeks.  
- Founded by hedge fund billionaire Liang Wenfeng, the Chinese AI lab aims to retain talent and compete globally, receiving backing from China's state investment fund and possibly Tencent and Alibaba.  
- DeepSeek's large language model operates efficiently on Huawei chips, as China aims to bolster domestic AI capabilities in response to restrictions on U.S. technology.

TechCrunch

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DeepSeek could hit $45B valuation from its first investment round

- Chinese AI startup DeepSeek is aiming for a valuation of up to $50 billion in its first fundraising round, reversing its previous stance on outside investment.  
- The national AI fund of China is negotiating to be a lead investor, with possible fundraising of $3 billion to $4 billion to enhance computing power and employee benefits.  
- Additionally, Tencent Holdings is also discussing potential investment in DeepSeek, but the company has not officially commented on the matter.

Reuters

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DeepSeek could be valued at up to $50 billion in first fundraising, sources say

- Impact Therapeutics, a Chinese cancer-drug developer, plans to raise up to $117 million in a Hong Kong initial public offering.  
- The company is offering 41.98 million shares priced between HK$19.75 and HK$21.75 each, with potential total proceeds of $134 million if underwriters exercise an over-allotment option.  
- The IPO is expected to be priced on May 11 and listed on May 13, with Tencent among the cornerstone investors purchasing approximately $35.7 million of the stock.

China's Impact Therapeutics seeks up to $117 million in Hong Kong IPO, term sheet shows

Tencent Cloud has been recognized at the 2026 NAB Show Product of the Year Awards for its innovative solutions in the media industry. The company's Video Quality Enhancement and Smart Erase solutions won in the Streaming and Intelligent Technology categories, respectively. The AI-driven Diffusion Transformer (DiT) enhances video quality across various platforms, while Smart Erase automates the removal of sensitive visual elements. These awards highlight Tencent Cloud's commitment to advancing video technology and supporting global media, e-commerce, and gaming partners.

Unusual Whales

Tencent Cloud Recognized for Transforming the Future of Media at the 2026 NAB Show Product of the Year Awards

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Demand for Huawei's Ascend 950 AI chips has surged following the launch of DeepSeek's V4 model, with major Chinese firms like ByteDance, Tencent, and Alibaba seeking new orders. The Ascend 950PR chip outperforms Nvidia's H20 but lags behind the H200, which faces shipment delays due to US-China tensions. DeepSeek's V4 model boosts the domestic AI ecosystem, with Huawei's infrastructure fully supporting it. Despite plans to ship 750,000 units this year, supply constraints are expected to persist due to US restrictions on chipmaking equipment.

- Demand for Huawei's Ascend 950 artificial intelligence chips has surged following the release of DeepSeek's V4 model, with major Chinese companies seeking orders.  
- The Ascend 950PR chip reportedly outperforms Nvidia's H20, offering an opportunity for Huawei to increase its market presence amid ongoing US-China trade tensions.  
- Despite plans to ship 750,000 units this year, Huawei faces supply constraints impacting output due to restrictions on advanced chipmaking equipment.

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Huawei Ascend 950 chip demand surges after DeepSeek V4 launch

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Focus Media (Trans): Below is Dolphin Research's transcript of Focus Media's FY2025 and Q1 FY2026 earnings call. For our earnings analysis, see 'Focus Media: Early Thaw, Then Chill; High Dividends as a Buffer'.Results highlights — Shareholder returns: Cumulative dividends over the past three years topped RMB 14.4bn. For 2025, planned dividends total RMB 4.9bn, with payout frequency raised to three times per year and an implied dividend yield above 5.5%. Management intends to keep the payout ratio and cadence stable...

Focus Media (Trans): AI-era info overload highlights the certainty premium of offline space

DIDIY

Lingxing Technology has filed for a Hong Kong IPO, reporting 17.1 billion yuan in revenue but only 7.4 million yuan in profit, indicating a razor-thin margin of 0.04%. The company, backed by major state automakers and internet giants, relies heavily on aggregators like Amap and Tencent, with 85.9% of orders coming through these platforms. This dependence raises concerns about financial risks and regulatory scrutiny, especially as competition intensifies with industry leader DiDi. Lingxing's challenge lies in proving its viability in a market dominated by larger players.

- Lingxing Technology, China's third largest ride-hailing platform, filed for a Hong Kong IPO with revenues of 17.1 billion yuan but only 7.4 million yuan in profit, indicating very slim margins.  
- The company heavily relies on aggregators like Amap and Tencent Mobility Services, with 85.9% of its orders coming through these platforms, raising concerns about its financial independence and long-term profitability.  
- Lingxing is navigating a competitive landscape marked by regulatory scrutiny and high operational costs, particularly in its pursuit of robotaxi technology while facing challenges from larger players like DiDi and faster-growing competitors like CaoCao.

benzinga_article

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Lingxing Seeks Hong Kong IPO, But Heavy Reliance On Aggregators Could Worry Investors

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Global X Cloud Computing ETF

VanEck Video Gaming and eSport ETF

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Direxion FTSE China Bull 3X

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Tencent’s New Model Shows Improvement - The Information

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0428 | Dolphin Research Focus: 🐬 Macro/Industry. 1) The CPC Politburo met on Apr 28 to assess the current economy and economic work.It said the economy remains broadly stable with a solid start, and recovery resilience continues to build. However, endogenous momentum still needs consolidation, and the foundation for the upturn is not yet firm.The meeting reaffirmed the principle of seeking progress while maintaining stability. Policy will stay proactive on the fiscal side and prudent on the monetary side, using targeted measures to stabilize the macro backdrop.Priorities include boosting domestic demand and defusing property and local gov. debt risks in an orderly manner. It will also push forward 'AI+' and other industrial upgrade initiatives...

CATL's discounted equity raise rattles market; Tencent Cloud up for a third straight session YTD | Daily News Recap

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