TENCENT stock fell 5.18% in Hong Kong market. TENCENT President Martin Lau stated at the earnings meeting yesterday (18th) that last year's capex missed expectations due to constraints such as GPU supply. If conditions permit this year, the group intends to amplify capex, with investments in AI and models at least doubling.

As such, the company may appropriately reduce share buybacks, while the dividend policy will continue, Lau said. The group plans to flexibly balance investment and shareholder returns.