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Tencent Capital Expenditure Increases by 63% Quarter-over-Quarter, Continues to Invest More
May 14, 2026
Tencent Capital Expenditure Increases by 63% Quarter-over-Quarter, Continues to Boost
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Tencent (00700) first-quarter capital expenditure was 31.9 billion yuan (RMB), a significant increase of 63% quarter-over-quarter, and up 16% year-over-year, mainly used for investments related to artificial intelligence (AI). Management stated at the earnings meeting that the demand for AI-related services continues to grow, and capital expenditure will increase compared to last year, especially in the second half of this year with increased investment, and more domestically produced chips will be put into use gradually. Tencent ADR rose, closing at an equivalent of 478 …
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