Logo 21 Mar 2025

Tencent betting on AI, but not going all-in yet

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Tencent is cautiously ramping up AI infrastructure investment.
On Wednesday, Tencent released its Q4 earnings report.

The report didn't include a hard number on capex for 2025, but it did say capex would be in the “low teens” as a percentage of revenue.
That translates to an estimated capex of RMB ...