Tencent

Alibaba Group Holding's shares rose 12.2% in Hong Kong amid expectations of revenue growth driven by AI demand and reduced food delivery losses. Equity analysts anticipate reaccelerated revenue in the June quarter, with rivals Tencent and Meituan also seeing share gains.

Asian shares were mixed and oil prices surged over 2% following US strikes on Iran after Tehran claimed to have attacked three ships in the Strait of Hormuz. Shares in Greater China rose while other Asian markets fell, with tech stocks in China leading a rally as investors focused on domestic AI development.

Oil prices surged over 2% following U.S. strikes on Iran after attacks on ships in the Strait of Hormuz, while Asian shares were mixed. Chinese markets rose, particularly tech stocks like Tencent and Alibaba, while U.S. AI-related stocks fell sharply, with companies like AMD and Intel losing significant value.

Kuaishou Technology shares fell over 6% after Tencent Holdings sold 273 million Class B shares, reducing its stake from 15.68% to 9.37%. The divestment followed Tencent leading a $3 billion financing round for Kuaishou’s AI video unit, Kling AI.

Even Realities, a smart glasses maker, achieved a $1B valuation after securing $150M in funding led by Meituan and Tencent. The company is developing camera-free smart glasses and was founded by an ex-Apple team.

Kuaishou shares fell after Tencent joined a $2.8 billion funding round for Kling AI's subsidiary. The investment involved Tencent and targeted Kling AI's business expansion.

The article argues that AI will not eliminate jobs but instead create new categories of work, emphasizing the importance of adaptable, interdisciplinary skills. It references past technological shifts, like spreadsheets and cloud computing, to illustrate how businesses expand capabilities when costs decrease. Examples include Cognitiv (an AI company founded in 2015) and a Tencent hire with dual expertise in art and computer science.

Tencent is testing an AI assistant named Xiaowei within WeChat to compete in China's AI race. The assistant allows users to complete tasks via text or voice across WeChat's mini-programs.

Tencent is testing an AI assistant in WeChat, China's most popular app, to expand its AI services by leveraging the app's large user base. The company aims to catch up with rivals in the AI space.

Singapore is attracting both U.S. and Chinese AI firms like OpenAI, Google DeepMind, Anthropic, and Tencent as a neutral hub due to its regulatory clarity, stability, and access to top tech talent from universities like National University of Singapore and Nanyang Technological University. Companies are expanding operations there to leverage its position as a trusted gateway for global AI innovation.

Tencent-backed fintech company Uzum plans to launch a new funding round by the end of the year. The company is focused on financial technology innovations.

The U.S. Intelligence Community identifies China as the leading competitor in AI, warning it aims to surpass the U.S. by 2030. While open-source Chinese AI models lag U.S. systems by 3-7 months, military integration of AI takes years, and China's centralized strategy accelerates military applications like autonomous drones and swarm intelligence. U.S. officials highlight risks from Chinese firms like Alibaba and Baidu, linked to military modernization.

A Singaporean buyer linked to an investment firm paid US$72 million for a historic mansion in Hong Kong’s Shek O, joining neighbors including Richard Li Tzar-kai and Pony Ma Huateng. The property, known as The Round House, was sold under a May 11 agreement.

China is recruiting more AI talent from the U.S. as it aims to develop the next 'super-app'. Tencent Chief AI Scientist Yao Shunyu, who joined from OpenAI, aims to pursue artificial general intelligence.

DeepSeek is nearing a $7.4 billion funding round at a $52 billion valuation, with investors including Tencent, CATL, and a state-backed AI fund. The startup is competing with Silicon Valley by offering cheaper AI services and recently slashed the price of its flagship model by 75%.

DeepSeek, a Chinese artificial intelligence start-up, is finalizing its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation just under US$60 billion. The round includes backing from Tencent and CATL, marking a six-fold increase from its April valuation of US$10 billion.

Tencent is nearing the launch of an AI agent for WeChat, its multifunctional app used in China for messaging, social media, and payments. The AI agent could enable commerce tasks like shopping and payments, though challenges with customer trust, governance, and AI hallucinations remain.

Tencent is advancing toward launching an AI agent for WeChat, its most-used app. However, the company has fallen behind domestic rivals in artificial intelligence models.

Alibaba and Tencent are leading Chinese tech companies transitioning from chatbots to embodied AI in robotics. Alibaba's Qwen3.7-Max model introduces 'tool-calling' capabilities, enabling AI to control robots by orchestrating physical actions like navigation.

ASTER has launched perpetual contracts on pre-IPO assets including SpaceX shares and Hong Kong stocks with 3x leverage, providing retail access to previously restricted investments. The development raises questions about whether this represents genuine DeFi innovation or problematic leverage on assets lacking reliable price discovery and hedging mechanisms.

The author is monitoring ASTER token as altcoins recover, with the asset gaining ~10% while the broader crypto market is up 1.4%. Key catalysts include a permissionless listing vote and RWA perpetual products offering exposure to SpaceX pre-IPO and Hong Kong stocks like Tencent and Xiaomi.

The Binance Android app contains multiple tracking SDKs from companies like ByteDance and Tencent, which collect sensitive user data. These trackers pose a significant risk to users' personal and financial information. The presence of these trackers has raised concerns about data privacy and security.

Tencent-backer IDG Capital is setting up a $2 billion growth fund, with Hong Kong scheduled to release its GDP figures on July 31. The growth fund indicates IDG Capital's focus on expansion and investment. Hong Kong's upcoming GDP release may impact the investment climate.

Tencent admits GPUs only pay for themselves when powering personalized ads, but the company is struggling to earn a return on investment from GPUs unless used in ad tech. The company posted a strong quarter with revenue of RMB196.5 billion. Tencent expects GPU procurement to be harder than buying CPUs due to US sanctions and limited fab capacity within China.

Alibaba and Tencent disappointed investors who were hoping for a big payoff from artificial intelligence. The companies' recent performance did not meet investor expectations. Alibaba and Tencent are major technology companies in China.

Tencent reported its first-quarter 2026 earnings, which were weaker than expected. The company sees a boost from gaming and AI demand. Tencent is a tech giant based in China.

Tencent and Alibaba are facing slowing growth due to increasing AI costs. The two companies are major players in the Chinese tech industry. Their growth is being hindered by rising expenses related to artificial intelligence.

Tencent open-sourced its Hy3 AI model preview, which excels in coding agents, reasoning, and search despite being developed in under three months. The model is positioned as the most efficient Chinese large language model (LLM) currently available.

Tencent is investing in AI agents and smaller models to compete with Alibaba and ByteDance in the AI development race. The move highlights a strategic focus on advanced technologies amid growing competition among Chinese tech giants.