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Chinese AI chipmaker Shanghai Enflame Technology , backed ‌by Tencent, drew investor orders worth 6,109 times the shares available in the online portion of its Shanghai initial public offering, an exchange filing showed on Wednesday.

Tencent released a preview version of a new open-source AI model ​aimed at tasks such as software ‌engineering, research and financial analysis, according to its post published on Friday on Hugging ​Face, a repository of open-source AI ​models.

Goldman Sachs' Kinger Lau sees a widening divide between China's sluggish consumer economy and its booming AI sector. He expects an earnings inflection for Hong Kong-listed internet giants in Q3 that could make investors more willing to pay for their AI potential, while geopolitical concerns remain relatively subdued.

New report outlines how infrastructure efficiency, renewable electricity and AI-enabled innovation can support lower-carbon growth SHENZHEN, China, Aug. 16, 2026 /PRNewswire/ -- Tencent (0700.HK) published its Carbon Neutrality Mid-Term Report and launched an accompanying interactive microsite, sharing its progress to date and pathway toward achieving carbon neutrality across its own operations and supply chain by 2030. The report comes as the rapid growth of artificial intelligence is creating a defining energy challenge for the technology sector.

Tencent Holdings Limited (TCEHY) Q2 2026 Earnings Call Transcript

Tencent Holdings Limited remains a Buy, with current valuation implying a significant discount to intrinsic value and strong AI-driven growth prospects. TCEHY reported robust YoY revenue growth across core segments, with a notable 21.8% increase in Marketing Services and a 176% jump in CAPEX. Significant balance sheet strength, $82.85 billion in liquidity, and aggressive AI investments position Tencent to capitalize on emerging opportunities.

It's not just American artificial-intelligence companies burning through cash as they roll out ever-more advanced models.