HS#TENCTRC2611M

Tencent-published survival game 'Rust Mobile' is expected to launch in China in July 2026

The White House is reportedly reviewing Tencent's investments in U.S. gaming companies again.

Morgan Stanley Releases Q1 2023 Earnings Forecast for Tencent

Tencent Expected Q1 2026 Net Profit Growth

Tencent Releases '2025 Weixin Brand Protection Report', Showcasing a Decade of Progress in IP Protection

Tencent's AI large model weekly call volume surpasses the US, with Hy3 preview ranking first

China Ruyi Signs Game Cooperation Framework Agreement with Tencent

Tencent Increases Stake in "Black Myth: Wukong" Developer Game Science to 24%

China Ruyi signs a 2026 game cooperation framework agreement with Tencent

Tencent Cloud Announces a 5% Price Increase for Certain Products

Several key Tencent games are expected to launch or be tested in Q2 2026 and beyond

Tencent partners with Singapore's IMDA to launch "Beyond the Screen" campaign promoting healthy digital habits

Tencent Cloud will adjust the billing plans for its AI assistant products starting May 15, 2026

Towngas and Tencent sign a strategic partnership agreement to jointly promote the digital transformation of the energy industry

Tencent Hunyuan releases CL-bench Life, aiming to enhance large models' understanding of daily life

Chinese assets surge, with FTSE China A50 Index Futures once rising over 1.4%

Tencent Increases Stake in 'Black Myth: Wukong' Developer Game Science to 24%

Southbound capital reduces holdings in Tencent Holdings over the past 5 trading days

Tencent Cloud Deepens AI Role With Support for Huawei's Ascend 950 Chip

Tencent Hunyuan Hy3 preview language model makes its exhibition 'debut'

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- 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.

Reuters

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Tencent HK SDR 10to1

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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GraniteShares 2x Long NVDA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

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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.

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

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Global X Data Center & Dgtl Infrs ETF

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Comm Servcies Select Sector SPDR

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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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Guotai CSI Animation Game ETF

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Franklin Exponential Data ETF

Wedbush ETFMG Video Game Tech ETF

Proshares Big Data Refiners ETF

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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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0427 | Dolphin Research Focus: 🐬 Macro/Industry1) Last week, DeepSeek surprise-launched its flagship foundation model DeepSeek-V4 and fully open-sourced it, a key market catalyst. With AI advances as a tailwind, semis extended gains today: the Hong Kong Semiconductor Index jumped 5%+, led by SMIC and Hua Hong Semiconductor.The new model is tuned for domestic compute and pursues a non-CUDA stack, expanding edge-AI use cases and sustaining demand for local chips. Flows continue to pile into themes of self-reliant compute and domestic substitution...

DeepSeek-V4 open-sourced, igniting the AI compute supply chain; Tencent's QClaw rolls out a major update | Daily News Recap

CWEB

CICC analyst has maintained a Buy rating on Tencent Holdings (TCTZF) with a price target of HK$666.00, while the shares closed at HK$493.40. The analyst consensus for Tencent is Strong Buy, with a target of HK$717.43, indicating a potential upside of 45.41%. Additionally, Morgan Stanley also supports a Buy rating with a target of HK$650.00.

- A CICC analyst upheld a Buy rating for Tencent Holdings and set a price target of HK$666.00.  
- Tencent's shares closed at HK$493.40, with analysts given a consensus rating of Strong Buy and a price target suggesting a 45.41% upside.  
- Morgan Stanley also maintained a Buy rating with a price target of HK$650.00 in a report released on April 23.

Tip Ranks

Direxion CSI China Internet Index Bull 2X

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Tencent Holdings  (TCTZF) Gets a Buy from CICC

The preview version of Tencent's Hunyuan HY3.0 has officially debuted, featuring 295 billion parameters and a 40% improvement in inference efficiency, with input pricing as low as 1.2 RMB per million tokens. It has been immediately integrated into over ten core products including Yuanbao, WeChat, and QQ. Citigroup maintains a Buy rating on TENCENT with a target price of HKD 783, implying a 59% upside from the current price—this transformation from 'showcasing technical prowess' to 'real commercial implementation' may become the key inflection point for TENCENT's AI monetization

- Tencent has released the HY3.0 preview version, shifting its AI strategy from technical competition to commercial applications.  
- The model features a hybrid expert architecture with 295 billion parameters, offering 40% improved inference efficiency and competitive pricing aimed at the enterprise market.  
- HY3.0 is already integrated across Tencent’s core products, indicating its capability to address real-world problems and suggesting a new phase of scalable commercial AI use.

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Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Reassessing Tencent AI Value: '40% Efficiency Boost + Extreme Pricing', Hunyuan HY3.0 Embraces 'Pragmatism' and Already Possesses Scalable Commercial Capability

Hy3 represents a rhythm calibration for Tencent in the second half of the AI race

- On April 23, Tencent unveiled the Hy3 preview, a MoE language model with 295 billion parameters, emphasizing performance and cost-effectiveness.  
- The model's capabilities include improved coding, context understanding, and instruction adherence, and it has been integrated into several internal Tencent products.  
- Hy3 preview signifies Tencent's shift towards practical AI applications and aims to gather community feedback for its improvement, marking a new phase in its AI development strategy.

Tencent Hy3 Preview Launches, Report Card Released After Yao Shunyu's Join

Tang Daosheng, Senior Executive Vice President of Tencent Group, stated that the competition in the automotive industry is being redefined by AI. In the future, the gap between car manufacturers will depend on who can achieve scalable and systematic AI implementation faster

Tencent's Tang Daosheng: The True Competition in Smart Cars Lies in Scalable, Systematic AI Implementation

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- Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, which is seeking over $20 billion in funding.  
- DeepSeek, backed by High-Flyer Capital Management, aims to raise at least $300 million as it initiates talks for outside capital for the first time.  
- These discussions highlight the significant capital needed to develop advanced AI models as the industry evolves, with the potential terms still subject to change.

YieldMax BABA Option Income Strategy ETF

Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation, The Information reports

Yes! Hopefully that brings down prices so we can all enter again!

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☕️ [Task Coins Giveaway] Daily Market Talk

The market seems very expensive especially with oil at these prices and with the macro economic picture. I rather be safe and wait for better prices.

HS#TENCTRC2611M(54158.HK)

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

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

Huawei Ascend 950 chip demand surges after DeepSeek V4 launch

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

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