During the second-quarter 2026 earnings call on August 12, Tencent President Martin Lau addressed the company's increased capital expenditure for the quarter. He stated that Tencent is indeed making large-scale investments in computing power, and has already observed clear upside potential for returns, with several new applications performing well.

Furthermore, Lau noted that computing power allocated to cloud-based leasing services could also generate substantial revenue growth, thereby improving the return on capital expenditure. For some previously placed computing power orders, if sold, they could yield profit margins exceeding 30% above the purchase price from just a few months ago.

Lau explained, "By following the sequence of first using the computing power to build our own models, then developing applications, and finally leasing the computing power externally, we can build a highly scalable native AI business. This will bring very significant profits."