Tencent capex jumps 176% on AI push as revenue beats estimates
Tencent Holdings nearly tripled its capital spending in the second quarter to supercharge its AI push, as accelerating investments in computing power and models helped drive better-than-expected revenue. Revenue for the quarter ending in June reached 204.8 billion yuan (US$30.4 billion), up 11 per cent year on year from 184.5 billion yuan, the Chinese tech giant reported on Wednesday. The figure beat average analyst estimates of 202.8 billion yuan compiled by Bloomberg. Adjusted net income...
Record details
Published: 12 August 2026
Source: SCMP Tech (HK/CN)
Category: News
Topics: Finance, VC & PE
Retrieved: 13 August 2026
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ethics.ai (12 August 2026), “Tencent capex jumps 176% on AI push as revenue beats estimates,” evidence record 19012, https://ethics.ai/record/19012 (originally published by SCMP Tech (HK/CN)).
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