Hong Kong shares end higher, Lenovo jumps 6pc

Tencent has rapidly expanded in South Korea's gaming cloud market through equity stakes in developers like Krafton and Shift Up, and partnerships with 60+ companies. Its resale revenue surged 686% in 2025, contributing to 20%+ cloud revenue growth in Q2 2026. Tencent's influence and expertise in gaming cloud technology, along with its extensive distribution network in China, drive its success, but concerns about data security and technical support persist.

Tencent Holdings completed a USD 1.8 billion and CNY 26 billion note issuance under its global medium-term note program. The notes include various maturities and interest rates, ranging from 2.40% to 6.75%. The program was established in 2014 and has been amended several times since.

DeepSeek, a Chinese AI startup, is finalizing a $14.98 billion funding round with CATL and Tencent as major investors, according to sources. The round exceeds its initial target, reflecting strong investor interest. DeepSeek may soon go public, with plans for a STAR Market IPO.

Meituan (3690) stock fell 4.7% to HK$71.2 on Thursday amid a broader tech sector selloff in Hong Kong, with the Hang Seng Tech Index down over 4%. The decline followed regulatory scrutiny of e-commerce rivals and investor concerns over AI spending returns. The Hang Seng Index also dropped nearly 3%.

DeepSeek, a Chinese AI startup, raised $15B in funding, with major investors including Tencent and CATL. The round was initially targeted at $6.5B but increased twice. The funds will support DeepSeek's global AI competition efforts, according to Bloomberg.

Chinese AI startup DeepSeek raised $15 billion in a funding round backed by CATL (SZ:300750) and Tencent (HK:0700). The company aims to compete with U.S. rivals like OpenAI and Anthropic, having previously demonstrated cost-effective AI models. DeepSeek is preparing for a potential IPO.