Tencent - TechWire

Tencent

2025.07.11

10:04

China's cloud infrastructure market grew rapidly in the first quarter

The latest data from Canalys shows that in the first quarter of 2025, China's spending on cloud infrastructure services reached US$11.6 billion, a year-on-year increase of 16%. In the first quarter of 2025, Alibaba Cloud accounted for 33% of the cloud service market in China, Huawei Cloud accounted for 18%, and Tencent Cloud accounted for 10%.

2025.07.10

17:23

Tencent Holdings (00700.HK): On July 10, it spent approximately HK$500 million to repurchase 1.008 million shares on the Hong Kong Stock Exchange.

17:21

Tencent Holdings: Repurchased 1.008 million shares on July 10, involving HK$500 million

Tencent Holdings announced that on July 10, 2025, the company repurchased 1.008 million shares through the exchange, with the repurchase price ranging from HKD494.4 to HKD498 per share, and the total payment amount was HKD500 million. The repurchased shares will be cancelled. This repurchase complies with the relevant provisions of the Main Board Listing Rules and has been formally authorized and approved by the board of directors.

11:42

Xuhui, Shanghai: Currently, there are more than 1,000 artificial intelligence companies in Xuhui, and another 600 will be attracted this year.

Shanghai held a press conference for the 2025 World Artificial Intelligence Conference and the High-level Conference on Global Governance of Artificial Intelligence. Wei Lan, deputy mayor of Xuhui District, Shanghai, said that a large-scale model ecological cluster will be built. As the venue for the first World Artificial Intelligence Conference, Xuhui has attracted top institutions such as Pujiang Laboratory and Qizhi Research Institute, as well as leading companies such as Tencent, Alibaba, and SenseTime. It has also cultivated 10 unicorn companies such as Wuwen Xinqiong, Minimax, and Jieyuexingchen. At present, Xuhui has more than 1,000 artificial intelligence companies. This year, we will attract another 600. We will continue to actively cultivate chain-leading companies in vertical applications, support high-frequency interactions and in-depth exchanges between upstream and downstream companies, and continuously expand the large-scale model industry chain and ecosystem.

2025.07.09

17:55

Tencent Holdings: On July 9, it spent approximately HK$500 million to repurchase 1.005 million shares on the Hong Kong Stock Exchange

Tencent Holdings: On July 9, it spent approximately HK$500 million to repurchase 1.005 million shares on the Hong Kong Stock Exchange.

17:54

Tencent Holdings (00700.HK): On July 9, it spent approximately HK$500 million to repurchase 1.005 million shares on the Hong Kong Stock Exchange.

17:32

Southbound funds made a large net purchase of 9.256 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Alibaba-W received net purchases of HK$1.1 billion and HK$1.038 billion respectively; Tencent Holdings ranked first in net sales, with an amount of HK$49 million; in terms of Hong Kong Stock Connect (Shenzhen), China Biologic Products and SMIC received net purchases of HK$309 million and HK$255 million respectively; Alibaba-W ranked first in net sales, with an amount of HK$25 million.

2025.07.08

17:58

Tencent Holdings (00700.HK): On July 8, it spent approximately HK$500 million to repurchase 995,000 shares on the Hong Kong Stock Exchange.

2025.07.07

17:36

Tencent Holdings (00700.HK): The company repurchased 1.002 million shares through the Hong Kong Stock Exchange on July 7, 2025, with an average repurchase price of HK$502 per share. The total cost of the repurchase of shares was HK$501 million, and the repurchased shares will be cancelled.

17:33

Tencent Holdings: Repurchased 1.002 million shares on July 7

Tencent Holdings announced that the company repurchased 1.002 million shares through the Hong Kong Stock Exchange on July 7, 2025, with an average repurchase price of HK$502 per share. The total cost of the repurchase of shares was HK$501 million, and the repurchased shares will be cancelled.

2025.07.04

11:28

Tencent Ventures and others invested in Morningside Venture Capital

Tianyancha App shows that on July 4, Shanghai Chenluan Enterprise Management Partnership (Limited Partnership) underwent industrial and commercial changes, adding Guangxi Tencent Venture Capital Co., Ltd., Wuxi Chenyi Growth Equity Investment Fund (Limited Partnership), Xiamen Jinyuanzhanhong Phase II Equity Investment Partnership (Limited Partnership), Zhuhai Zhongye Investment Enterprise (Limited Partnership) and other partners. Public information shows that Chenyi Fund was founded by Liu Xiaodan, former president of Huatai United Securities. Its first fund was filed in March 2020 and conducted business through private placement. In March 2024, Zhang Yong, former chairman and CEO of Alibaba Group, joined to further strengthen the management team.

10:15

Citi: Raised the target price for Tencent Music (01698.HK) from US$17 to US$23.

08:22

TF Securities: Optimistic about the overall valuation reassessment of Hong Kong-listed Chinese stocks under the aggressive + evolutionary

Tianfeng Securities Research Report stated that it is optimistic about the overall valuation revaluation of Chinese concept stocks in Hong Kong stocks under the trend of progress and evolution. 1. Tianfeng Securities believes that the valuation of Chinese concept Internet companies is relatively attractive globally, and the valuation advantages of the Hang Seng Index and the Hang Seng Technology Index are significant. 2. Tianfeng Securities believes that unlike previous Internet companies that paid more attention to the level of shareholder returns, Chinese concept Internet companies will return to progress and evolution in 2025. 3. Tianfeng Securities believes that the layout of AI business will not only boost the overall valuation level of Chinese concept Internet companies, but also help Internet companies increase efficiency. Recommended to watch: Tencent Holdings, Alibaba, Xiaomi, JD.com, Kuaishou, Pinduoduo, Meituan, Bilibili.

2025.07.03

20:00

The industry's first AI good governance consortium expands

On July 2, the 2025 Global Digital Economy Conference opened in Beijing. At the Digital Technology Investment and Cross-border Collaborative Innovation Forum, the industry's first AI Good Governance Consortium "Human-centered Intelligence Development and Governance Initiative" expanded its membership, including Baidu, MiniMax, Inspur Information, HPE Technology, Nortel Digital Intelligence, NetEase Youdao, Siemens (China) and other technology companies. The consortium was jointly initiated by ESG30, Shanghai Jiaotong University Artificial Intelligence Research Institute, Lenovo Group, Tencent Research Institute and other institutions in November last year, and has now gathered nearly 50 companies and institutions. Zhu Guangyao, former vice minister of the Ministry of Finance, said, "While we develop ourselves, we must strengthen the coordination of international policies, establish logical norms, and ensure that artificial intelligence serves humanity and serves the improvement of productivity." Wang Huiwen, vice president of Lenovo Group, said that the popularization and inclusiveness of artificial intelligence requires encouraging technology companies to "go global" and build a collaborative innovation network through resource allocation and scenario-based application development on a larger scale to enhance the global competitiveness of my country's digital economy. So far, the initiative has brought together nearly 50 companies and institutions, covering the entire chain of technology research and development, application implementation and ethical governance.

18:29

Xiaohongshu denies rumors of acquisition by Alibaba: It's just a rumor

Today on social media, there was news that "according to internal sources, Xiaohongshu is about to be acquired by Alibaba." In response, Sina Technology verified with both Alibaba and Xiaohongshu, and Xiaohongshu said, "The above information is a rumor." Alibaba did not respond as of press time. As early as 2019, there were rumors that Alibaba would acquire Xiaohongshu and that Alibaba's HRG had already entered the company. In response, Xiaohongshu executives publicly stated that "it is a rumor, and a letter has been sent to the source of the rumor, and they will be held accountable to the end." Public information shows that since its establishment in 2013, Xiaohongshu has received a total of 7 rounds of financing. Its investors in previous rounds include Tencent, Alibaba, Tiantu Investment, Zhen Fund and CITIC Capital, with a cumulative financing amount of more than US$900 million. Recently, according to foreign media reports, an internal document of Jinshajiang Venture Capital marked as March this year showed that Xiaohongshu's valuation has jumped to US$26 billion, an increase of more than 50% from US$17 billion at the end of 2023, and exceeded its historical peak of US$20 billion in 2021.

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