# Tencent
Latest news and articles about Tencent
Total: 52 articles found
Two Spring Festivals, One Industry: How China’s Tech Giants Turned AI into a Holiday Battle for National Reach
China’s AI competition has shifted from model development to a consumer battleground during two consecutive Lunar New Year campaigns. Alibaba, ByteDance, Tencent and Baidu used subsidies, embedded assistants and viral features to fight for national traffic, while smaller firms pursue agent‑style products that combine multiple models. The outcome will reshape who controls mass AI touchpoints in China, narrow the US–China model gap and raise barriers for smaller players unless they adopt alternative, interoperable strategies.
Tencent’s “Yuanbao” Reports 50m Daily Users, 114m Monthly — A Fresh Surge in China’s Attention Market
Tencent announced that Yuanbao has exceeded 50 million daily active users and 114 million monthly active users, reporting a strong engagement ratio. While the figures signal notable audience scale, their commercial significance hinges on monetisation, user composition, and regulatory constraints.
Forty‑Five Billion Yuan and a New Front: China’s Tech Giants Turn Lunar New Year Into an AI User‑Education Arms Race
China’s biggest tech firms spent more than 45 billion yuan over the 2026 Lunar New Year in an AI‑focused red‑envelope battle that mixed cash prizes, task‑based incentives and offline vouchers. The campaign was a large‑scale acquisition and product‑education experiment whose success will be decided not by downloads or single‑night peaks but by whether users form lasting habits and remain active after the holiday.
Alibaba and Tencent Back High‑Valued Chinese AI Startup in $700m Round as Founder Says Cash Hoard Tops ¥10bn — ‘Not IPO‑Driven’
A major Chinese AI startup raised over $700 million in a round led by Alibaba and Tencent, valuing it above $10 billion. The founder — a post‑1990s entrepreneur — said the company holds more than ¥10 billion in cash and is not pursuing an IPO, highlighting a shift toward long‑term, control‑oriented growth amid an intensely competitive AI funding surge.
China’s Kimi Rockets to a $10–12bn Valuation After Two Rapid Funding Rounds Exceeding $1.2bn
Kimi, a Chinese AI startup also known as Yue Zhi Anmian, has raised over $700 million in a new funding round led by existing investors, bringing two consecutive financings to more than $1.2 billion and valuing the company at $10–12 billion. The deals signal strong investor appetite for large AI models in China and a scramble by tech giants to secure model supply, but commercialisation and regulatory risks remain significant.
AI Crashes China’s Spring Gala: Billions in Red Packets, Virtual Stages and a Race to Keep Users
China’s Spring Festival Gala has been repurposed into a high‑stakes marketing and technical showcase for AI firms, with Alibaba, ByteDance, Tencent and Baidu spending heavily on sponsorships, hongbao and live technical support. The central question is whether holiday‑driven spikes in downloads and engagement can be converted into lasting user habits and commercial ecosystems.
WeChat Goes Gold for Lunar New Year: AI Songs, Golden Moments and Red‑Envelope Gamification
Tencent has introduced a suite of WeChat features for the Lunar New Year—golden Moments that can drop red envelopes when liked, AI‑generated New Year songs, and customizable red‑packet covers. The updates are designed to boost engagement, encourage payments, and create shareable seasonal content, while raising questions about data use and regulatory attention.
Tencent Turns WeChat ‘Golden Moments’ into a Spring‑Festival Traffic Play — Yuanbao Adds Extra 10k Red‑Packet Prizes
Tencent has enabled a gold‑coloured New Year Moments effect in WeChat that activates when users publish a Yuanbao‑made greeting, and Yuanbao has added extra high‑value red packets as part of a RMB 10 billion Spring Festival campaign. The move highlights an escalating competition among Chinese tech firms to lock users into AI and payments ecosystems through festive incentives, while also exposing how WeChat’s sharing restrictions serve as a gatekeeper for third‑party promotions.
China’s Tech Giants Wage an AI-Powered Red-Envelope War to Win Spring Festival Attention
During the Lunar New Year, Tencent, ByteDance and other Chinese tech firms launched a wave of AI‑branded giveaways and UI changes to drive engagement. From gold‑coloured WeChat Moments and ten‑thousand‑yuan vouchers to hourly red‑packet rains and gala‑tie‑in prizes, companies are using festive incentives to rebuild user habits and showcase AI features.
China Pulls the Brakes on the Spring Festival ‘Red Envelope’ Arms Race
China’s market regulator summoned seven major internet platforms and released new anti‑monopoly compliance guidelines after a wave of large Spring Festival cash‑giveaway campaigns. Regulators warned against below‑cost subsidies, exclusive dealing and algorithmic collusion, signalling tighter scrutiny of promotional tactics and AI‑driven user acquisition.
Hong Kong Stocks Slide as Metals Rout Drags on Hang Seng; Tech Holds Up Relatively Better
Hong Kong equities retreated ahead of the Lunar New Year, with the Hang Seng down 1.72% as metals and mining stocks led losses. Tech names proved more resilient, while investors await U.S. inflation data and post‑holiday Chinese activity for direction.
Hang Seng Falters as Big Internet Names Slip, While Chips and AI Model Stocks Rally
Hong Kong’s Hang Seng Index fell 0.86% with major internet platforms declining as investors grew cautious on consumer‑facing tech. At the same time, semiconductor suppliers and AI model companies jumped sharply, reflecting a thematic shift toward hardware and generative‑AI plays.