Tencent
Tencent is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest-grossing multimedia companies in the world, based on revenue.
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After the latest round of financing for DeepSeek, Liang Wenfeng's net worth surpasses that of Anthropic's Dario Amodei and OpenAI's Greg Brockman
According to foreign media reports, after completing its latest round of financing, the personal wealth of DeepSeek founder Liang Wenfeng has more than doubled, making him the wealthiest individual among global AI large model founders. According to the Bloomberg Billionaires Index, Liang Wenfeng's net worth currently stands at $36 billion (previously around $16.7 billion), surpassing both Anthropic co-founder Dario Amodei and OpenAI co-founder Greg Brockman. This comparison only includes companies whose primary business and majority of revenue are directly derived from AI large models, excluding diversified large technology groups such as Alibaba and Tencent, as well as AI industry chain-related enterprises like data centers and semiconductor companies. The vast majority of Liang Wenfeng's wealth comes from his controlling stake in DeepSeek.This June, DeepSeek reportedly completed a 50 billion yuan financing round, valuing the company at over 330 billion yuan, with Liang Wenfeng personally contributing 20 billion yuan. According to calculations by the Bloomberg Billionaires Index, his stake has been diluted to approximately 78%. (Jin Shi)
Greg
June
Tencent in Talks to Acquire Manus: Sources Say It Will Retain Minority Shareholder Status
According to Southern Metropolitan Daily, Tencent is negotiating to become the largest shareholder of general AI Agent company Manus. A consortium of Chinese capital led by Tencent plans to repurchase all equity of Manus from Meta at a valuation of approximately 2 billion USD. However, sources familiar with the matter revealed that upon completion of the transaction, Tencent will still maintain a minority shareholder status and will not hold a controlling stake. Manus is an AI Agent product launched by Butterfly Effect Company. It went viral overnight in China in March 2025, and its annualized revenue has exceeded 100 million USD. Previously, Meta announced the acquisition of Manus, but due to the intervention of the Ministry of Commerce and the foreign investment security review mechanism, the acquisition was legally prohibited and required to be revoked in April 2026. This repurchase by Chinese capital marks the subsequent progress following the halt of the acquisition.
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Manus is reportedly pursuing an equity transaction at a $2 billion valuation, with Tencent potentially becoming the largest shareholder
According to sources familiar with the matter, Tencent is in talks to become the largest shareholder of AI agent company Manus. Most existing investors, including Tencent, ZhenFund, and Sequoia Capital China, are discussing supporting a deal at a $2 billion valuation to block Meta's acquisition.
Tencent Cloud Releases Agent Bucket, Launches Native Storage Solution for Massive-Scale Agents
According to official announcements, Tencent Cloud has officially launched Agent Bucket, providing independent cloud space for a massive number of Agents to uniformly store user-uploaded materials and files such as reports, images, and code generated by Agents. The product introduces independent Space units under the Bucket to achieve fine-grained isolation and management at the single Agent or user level for access credentials, capacity quotas, read/write rate limiting, and more.
Massive
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Analysis: Overseas developers are turning to Chinese AI models like DeepSeek to cut costs
According to Odaily, as the cost of using AI continues to rise, a growing number of overseas startups and developers are adopting Chinese AI models such as DeepSeek, Alibaba, and Moonshot AI to reduce inference costs. Data shows that DeepSeek's share of AI traffic on the cloud platform Vercel has increased from less than 1% in May this year to 17%. AI model aggregation platform OpenRouter stated that DeepSeek's usage doubled in the first half of 2026, making it the most popular model on the platform. It also noted that the token usage share of open-source models from Chinese companies including Xiaomi, MiniMax, and Tencent continues to rise, while the shares of Google and OpenAI have declined. (Bloomberg)
Moonshot
Moonshot
Moonshot
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B.AI and Tencent Cloud Enter Strategic Partnership to Co-Build Financial Infrastructure for the AI Agent Era
B.AI announces a strategic partnership with Tencent Cloud, and both parties will jointly build enterprise-grade financial infrastructure for the era of AI agents. With the rapid development of AI agent technology, higher demands are placed on the stability, security, and scalability of underlying financial systems. This collaboration fully integrates B.AI's pioneering experience in the field of on-chain finance with Tencent Cloud's globally leading cloud computing capabilities, aiming to build a solid technical foundation for the on-chain ecosystem. In the future, both parties will continue to enhance the stability and performance of on-chain financial infrastructure, providing sustained momentum for digital economic growth.
Bitget Stock Contracts Add 7 Hong Kong Stock Targets Including Tencent, Meituan, and Xiaomi
According to official announcements, Bitget has launched contracts for seven Hong Kong stocks: TENCENT (Tencent), MEITUAN (Meituan), NETEASE (NetEase), XIAOMI (Xiaomi), POPMART (Pop Mart), SMIC (Semiconductor Manufacturing International Corporation), and GIGADEVICE (GigaDevice). The above contracts are settled in USDT, support up to 20x leverage, and are available for 7*24 hour trading.
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Tether
ChangXin Memory signs long-term supply agreement with Tencent, contract value exceeds 20 billion yuan
According to Reuters, three informed sources revealed that Chinese memory chip manufacturer Changxin Memory (CXMT) has signed a long-term supply agreement with Tencent Holdings (0700.HK) prior to its highly anticipated IPO, valued at over 20 billion yuan (approximately 2.94 billion U.S. dollars). The sources said the agreement covers server DRAM (Dynamic Random Access Memory) chip supply for the coming years, with two of the sources stating the contract term is up to 3 years, while another indicated it could reach up to 5 years. As the details are confidential, all three sources requested anonymity. The report stated that DRAM is a key component of servers supporting cloud computing, databases, and AI workloads, and amid ongoing global shortages and soaring memory chip costs, long-term supply contracts have become a priority for enterprises. It remains unclear whether the agreement includes further details such as Changxin Memory's High Bandwidth Memory (HBM). Neither Changxin Memory nor Tencent immediately responded to requests for comment.
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知情人士：字节跳动目前没有与昆仑芯片合作的意向
According to Yicai, previous reports indicated that Baidu's Kunlun Chip plans to list in Hong Kong, Tencent has become its customer, and ByteDance is also considering adopting its AI chips. In response, sources close to the matter told Yicai today that ByteDance currently has no intention to cooperate with Kunlun Chip.
Gate Stocks Launches 24/7 Trading for US, Hong Kong, and Korean Stocks, Supporting Fractional Shares from as Low as 0.01 Units
Odaily Odaily, According to an official announcement, Gate Stocks has officially launched 7×24 trading services for US, Hong Kong, and Korean stocks. Building on pre-market, regular, and after-hours trading, the platform now further supports overnight and weekend trading, breaking through the traditional securities market's time restrictions. This makes it one of the first platforms in the industry to offer round-the-clock coverage across the US, Hong Kong, and Korean stock markets, providing users with a more flexible and efficient global stock trading experience.Currently, Gate Stocks has established a global stock trading system covering the three core markets of the US, Hong Kong, and Korea. It supports over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 Korean stocks, covering a total of more than 12,500 stocks and ETF assets worldwide. This includes globally representative listed companies such as Apple, Nvidia, Microsoft, Tencent Holdings, Xiaomi Group, Samsung Electronics, and SK Hynix. Users can participate in global stock investment using USDT via a unified account, enjoy stock dividend rights, and benefit from fractional share trading starting from as low as 0.01 shares, further lowering the threshold for global asset allocation.At the same time, Gate Stocks has been fully integrated into the platform's VIP tier system. Users can upgrade to VIP by holding a position of $2,000 or more, thereby enjoying stock trading fees as low as 0.023% and access to a dedicated 1V1 account manager service. In the future, Gate will continue to expand its global market coverage and improve its multi-asset trading service system, aiming to build a more open, convenient, and efficient one-stop investment platform for users worldwide.
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Tether
Liang Wenfeng personally invested approximately RMB 20 billion in DeepSeek’s Series A funding round.
According to a report by the Star Market Daily, multiple investment institutions have confirmed that DeepSeek’s Series A funding round has likely been finalized. Founder Liang Wenfeng personally contributed approximately RMB 20 billion, making him the largest single investor in this round; Tencent contributed approximately RMB 10 billion; the CATL ecosystem—including CATL and Puquan Capital—contributed approximately RMB 5 billion; NetEase, JD.com, Monolith Lisi Capital, and IDG Capital each contributed approximately RMB 3 billion; Zhengxin Valley Investment and Shixiang Technology each contributed approximately RMB 1.5 billion.
Market
Tencent invests in new AI lab founded by former head of Alibaba's Tongyi Qianwen, with initial funding round reaching hundreds of millions of dollars
the new AI lab founded by Lin Junyang, former core head of Alibaba's Tongyi Qianwen, has completed its initial funding round, raising a total of several hundred million US dollars with a post-investment valuation of approximately $2 billion. Sequoia Capital China and Gaorong Capital each led the round with $100 million investments, while Tencent participated with a $20 million investment. Lin Junyang left in March this year due to disagreements over team restructuring. The project has now initiated preparations for a new funding round. Tencent, which is intensifying its AI layout, has previously invested in multiple local large-model enterprises and is also currently participating in the latest funding round of DeepSeek. (The Information)
DeepSeek is reportedly set to complete a funding round of approximately $7 billion, with a valuation as high as $59 billion.
According to Reuters, citing sources, DeepSeek plans to raise approximately $7 billion in its Series A funding round, with a valuation as high as $59 billion. Tencent and CATL will be DeepSeek’s largest external investors; NetEase and JD.com also plan to participate in the investment.
Tencent representative: At present, it is not possible to determine when the WeChat AI agent will be launched.
A Tencent representative stated that the launch date for WeChat’s AI agent remains undetermined, as its release largely hinges on regulatory approval—given WeChat’s 1.4 billion users, compliance procedures may be stricter than those for other products. Regarding the WeChat AI agent, a relevant Tencent executive declined to comment at this time. Earlier media reports claimed the WeChat AI agent is currently Tencent’s “top-priority, highly confidential internal project,” with preparations beginning no later than the first half of 2025. A Tencent representative confirmed this report. (Jin10)
Insider: Tencent is testing a WeChat AI agent prototype
According to the UK’s Financial Times, Tencent is set to launch an embedded AI agent within WeChat. Sources familiar with the matter revealed that Tencent is currently testing a prototype of this AI agent, which can assist users in performing various tasks directly inside WeChat. The company plans to initiate the regulatory approval process required before launch as early as this month. Once regulatory review is complete, Tencent will first conduct a gray-release test with a small group of external users, followed by a phased, gradual rollout. The official launch date has yet to be determined. A person who viewed an early product demonstration said users need only swipe right from WeChat’s main interface to summon the AI agent’s chat window. Sources indicated Tencent has designated this project as its top strategic priority, with management focusing intensely on refining details—yet scaling up to full deployment remains hampered by insufficient computing power supply. Internally, Tencent has preliminarily estimated the cost investment to be extremely high, and it remains unclear whether sufficient revenue can be generated in the short term to offset these costs.
Insider
“BTC OG Insider Whale” Agent: Only the Convergence of Three Factors – Credit, Fed, Geopolitics – Will Trigger a Market Turning Point
Odaily报道, “BTC OG insider whale” Garrett Jin has released his “Weekly Market Strategy Signal.” In his analysis, he points out that the current geopolitical situation and the trajectory of the US dollar are deadlocked: despite US strikes on Iranian-related targets, tensions in the Strait of Hormuz remain unresolved. Although US Secretary of State Rubio signaled “positive news,” the peace agreement proposed by Iran has already been vetoed by the White House.Long-term US Treasury yields continue to hover in the 5.07% – 5.18% range, reaching their highest levels in 19 years. The S&P 500 index briefly hit a new high before quickly pulling back. Garrett Jin believes that a single positive or negative catalyst is insufficient to change the market landscape. Only when at least two of the three key factors—the credit environment, Federal Reserve policy, and geopolitical conditions—converge can the market experience a substantial shift.On another front, capital expenditure in the AI sector is accelerating its shift from the United States to Asia. ByteDance plans to increase its capital expenditure to as high as $70 billion this year, while Tencent and Alibaba are also ramping up their investments. Competition in the AI arena has now escalated to the level of national competition.
Bitcoin
Convergence
Convergence
Geopolitics
Insider
Long
U.S. Approves Sale of NVIDIA H200 Chips to 10 Chinese Companies
According to a Reuters report, the U.S. has approved the sale of NVIDIA H200 AI chips to 10 Chinese companies, including Alibaba, Tencent, and ByteDance; however, no chips have been delivered yet, and related transactions have stalled. The report notes that NVIDIA CEO Jensen Huang joined the U.S. delegation during President Donald Trump’s visit to China in an effort to advance H200 chip sales in China. The U.S. Department of Commerce has also authorized certain distributors—including Lenovo and Foxconn—to directly procure and resell the chips. Yet, due to stringent U.S. restrictions on H200 exports—including security, end-use, revenue-sharing, and legal requirements—these conditions conflict with China’s supply-chain security policies, resulting in increasingly strict order approvals.
NVIDIA
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The United States has approved about 10 Chinese companies to purchase H200 chips, with each company capped at 75,000 units
, May 14 - Currently, around 10 Chinese companies have been granted permission to purchase H200 chips. The buyers include Alibaba, Tencent, ByteDance, and JD.com, while Lenovo and Foxconn have been approved as distributors. According to the U.S. license, each customer can purchase up to 75,000 H200 chips, but no shipments have yet been made. China has rejected the Trump administration's mandatory requirement for chips to transit through the U.S. and a 25% fee, and has instructed companies to halt purchases. Nvidia CEO Jensen Huang temporarily accepted an invitation from Trump to join the White House delegation to China and participate in high-level meetings this week. (Reuters)
阿里巴巴
Aster Lists Popular Hong Kong Stocks Including MiniMax and PopMart
Odaily, Decentralized trading platform Aster announced today the official launch of perpetual contracts for Hong Kong stocks, with the initial trading pairs including Tencent (00700.HK), Xiaomi (01810.HK), Pop Mart (09992.HK), and MiniMax (00100.HK).Eliminating the cumbersome account opening procedures and restrictions, users can now trade globally popular assets in one stop on Aster using only cryptocurrency. The Aster team stated that it plans to continuously expand asset categories to cover more high-growth markets, while also continuing to optimize the product experience.
Aster
Alibaba Did Not Participate in DeepSeek’s Financing Negotiations; Market Sources Deny Rumors of a “Breakdown” in Talks
According to Yicai, recent reports indicate that DeepSeek is launching its first round of financing, attracting interest from companies including Tencent and Alibaba in discussions regarding equity investment. However, negotiations between Alibaba and DeepSeek recently broke down. Today, a market source told Yicai reporters that Alibaba likely did not engage in such negotiations.
Market
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