On August 12, during Tencent's 2026Q2 earnings conference call, Tencent President Liu Chiping responded to the increase in the company's capital expenditure in the second quarter. He said that Tencent is indeed investing in computing power on a large scale. It has now seen clear room for upward returns, and many new apps are performing well. In addition, the use of computing power in the cloud leasing business is also expected to bring considerable revenue growth and increase the return on capital expenditure. For some of the computing power orders placed previously, if sold, the profit can be more than 30% higher than the purchase price a few months ago. Liu Chiping said, “If we first use a self-built model, then use it to develop applications, and finally advance the sequence of leasing computing power to the outside world, we can build a very large-scale native AI business, which will bring very impressive profits.” According to Tencent's 2026Q2 financial report, the company's capital expenditure jumped sharply to 52.8 billion yuan in the quarter, far exceeding the forecast of 32.1 billion yuan, and nearly tripled from 19.1 billion yuan in the same period last year. Tencent management said that this is a strategic early investment in AI infrastructure to support Hy model upgrades, WorkBuddy and CodeBuddy inference requirements, WeChat AI, and meet the growing demand for cloud services from external customers.
Zhitongcaijing · 1d ago
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On August 12, during Tencent's 2026Q2 earnings conference call, Tencent President Liu Chiping responded to the increase in the company's capital expenditure in the second quarter. He said that Tencent is indeed investing in computing power on a large scale. It has now seen clear room for upward returns, and many new apps are performing well. In addition, the use of computing power in the cloud leasing business is also expected to bring considerable revenue growth and increase the return on capital expenditure. For some of the computing power orders placed previously, if sold, the profit can be more than 30% higher than the purchase price a few months ago. Liu Chiping said, “If we first use a self-built model, then use it to develop applications, and finally advance the sequence of leasing computing power to the outside world, we can build a very large-scale native AI business, which will bring very impressive profits.” According to Tencent's 2026Q2 financial report, the company's capital expenditure jumped sharply to 52.8 billion yuan in the quarter, far exceeding the forecast of 32.1 billion yuan, and nearly tripled from 19.1 billion yuan in the same period last year. Tencent management said that this is a strategic early investment in AI infrastructure to support Hy model upgrades, WorkBuddy and CodeBuddy inference requirements, WeChat AI, and meet the growing demand for cloud services from external customers.
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