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Tencent Could Speed Up AI Investments -- Market Talk

Dow Jones
Feb 11

0249 GMT - Tencent could speed up its AI investments this year amid intensifying competition, CGS International analysts say in a research note. Its 2026 capex may rise, as Beijing has approved purchases of Nvidia's H200 chips, the analysts add. Strong AI inference service demand and the tech giant's goal to acquire more users for its AI agent services are further drivers. Both Tencent and Alibaba have launched marketing campaigns for their AI agent apps, while ByteDance will be the exclusive AI cloud service sponsor for China's Spring Gala during Lunar New Year, they note. "We have observed intensifying competition among large AI players in China to become the main user acquisition channel for AI agent services," the analysts write. Shares are 0.6% lower at HK$547.50. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

February 10, 2026 21:49 ET (02:49 GMT)

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