Tencent's new AI products in the second quarter affected profits by 10.5 billion
2026-08-12 22:06:51
According to CoinMeta, Tencent's financial report for the second quarter of 2026, released on August 12, showed that products such as Hunyuan, Yuanbao, workbuddy, codebuddy, and Xiaowei had a non-operating profit impact of 10.5 billion yuan on non-GAAP businesses, which was a significant increase compared to the first quarter. Tencent President Liu Chiping stated that the current investment situation is very dynamic, and Tencent will remain cautious until it sees a truly explosive opportunity. Once an opportunity is identified, Tencent will increase its investment, with a focus on long-term investments. workbuddy is experiencing explosive growth, so priority is given to this product, while the priority of other products is reduced. He emphasized that if Tencent were to change its business model to simply renting out computing power, it would not only not incur losses but could also make a profit. Tencent always has this alternative plan, which gives it "more confidence."
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Source:Jin10 Data
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