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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Alibaba, Tencent, and ByteDance seek long-term memory supply agreements with Samsung and SK Hynix, with some contracts extended to 2035.
According to reports from the Daily Economic News, Alibaba, Tencent, and ByteDance are negotiating long-term supply agreements for server DRAM with Samsung Electronics and SK Hynix. Some clients are requesting to extend the supply term to 2035, reaching 10 years, which exceeds the usual three to five years. The related demand covers DDR for servers and low-power DDR (LPDDR). As major U.S. tech companies secure memory supplies in advance through long-term contracts, Chinese cloud service providers are also beginning to compete for server memory resources to accommodate AI business expansion and meet server energy efficiency requirements.
阿里巴巴
Tencent Hunyuan launches WorkForge framework, creating 16,700 AI training environments spanning 40 specialized domains.
Tencent Hunyuan has announced the launch of WorkForge, a scalable framework for long-horizon work agents that leverages real-world resources to build verifiable training environments. Starting from expert workflows, the framework constructs real-world workspaces, extracts verifiable facts, and generates tasks alongside a procedural and semantic dual-verification mechanism based on observable evidence.
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DeepSeek completes approximately 100 billion yuan in financing, with CATL and Tencent participating in the investment.
According to Bloomberg, Chinese AI company DeepSeek raised approximately 100 billion yuan (about $15 billion) in its latest funding round, becoming one of the largest financing rounds in China. According to individuals familiar with the matter, the company increased its financing target at least twice during negotiations with investors, raising it from an initial 50 billion yuan to 80 billion yuan before ultimately reaching the current scale. CATL and Tencent Holdings are among the largest investors in this round of financing.
ByteDance, Alibaba and Tencent order over $35 billion worth of chips from NVIDIA
According to Reuters, sources familiar with the matter said that ByteDance, Alibaba, and Tencent have ordered more than 3 million NVIDIA RTX PRO 5500 workstation GPUs, with a total value exceeding $35 billion at list prices. The RTX PRO 5500 is a workstation-class GPU rather than NVIDIA's most advanced AI chips designed for large-scale data center clusters. However, it complies with U.S. export control requirements for China and is among the higher-performance NVIDIA chips currently available to Chinese buyers.
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阿里巴巴
Bitget Adds 108 Stock Spot rTokens Including BYD ADR, Total Support Now Exceeds 3,000 rTokens
Odaily News: According to an official announcement, Bitget has listed 108 stock spot rTokens, including rTCEHY (Tencent Holdings ADR), rBYDDY (BYD ADR), rXIACY (Xiaomi Group ADR), and rVWAGY (Volkswagen ADR). As of now, the Bitget platform supports a total of 3,035 rTokens.It is reported that rTokens, identified by the letter "r" plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, a licensed RWA protocol under Bitget, through a partnership with compliant broker Alpaca to directly connect to global liquidity pools such as Nasdaq and the NYSE. Their features include: underlying assets backed by 1:1 reserves and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits and reverse splits, etc.), and holdings can serve as joint margin for the unified account and USDT-margined futures, allowing users to hold global stock assets while still managing funds flexibly.
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Xend Finance
Tencent Hunyuan Releases Hy Memory 2.0, Fully Open-Sourcing Three-Layer Model Framework and Applications
On October 16, Tencent Hunyuan announced the upgrade of its agent memory framework, Hy Memory, to version 2.0, alongside the open-sourcing of the specialized model Hy-Memory-30A3B, the memory framework, and the local application MemHub. The three can be used independently or combined into a complete Memory solution. Tencent Hunyuan stated that this open-source release covers the model, framework, and application layers, providing a complete end-to-end pipeline for agent memory capabilities from foundational models to deployment tools.
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Bloomberg: Tencent plans to launch open-source model Hy4 later in 2026
According to Bloomberg, Tencent plans to launch the open-source model Hy4 later in 2026. Additionally, sources familiar with the matter revealed that Tencent Holdings has launched a US dollar and offshore RMB bond issuance program, targeting approximately $5 billion in financing. Tencent plans to issue 10-year and 20-year USD bonds, with initial indicative spreads of approximately 115 and 140 basis points over comparable US Treasury yields, respectively.
Treasury
DeepSeek Leads Investment as Winverse AI Completes Seed Round at $400M Valuation
Odaily reports: AI research institution DeepSeek plans to lead the seed round funding of robotics AI startup Winverse AI, with an investment amount in the tens of millions of dollars range.Sources say Winverse AI was founded by a former top AI scientist from Tencent and is currently still operating in stealth mode. In addition to DeepSeek, investors including Meituan's investment arm Long-Z Investments also participated in this funding round, bringing the company's post-investment valuation to approximately $400 million.The report notes that DeepSeek will deploy funds from its over $12 billion in financing to support this investment, betting on the rapidly growing field of artificial intelligence and robotics technology.This investment indicates that DeepSeek is further expanding from large model research and development into embodied intelligence and robotics AI. (Bloomberg)
Long
Tencent Plans to Issue $5 Billion in Offshore Bonds to Fund AI Business Expansion
Odaily report: Sources familiar with the matter say Tencent Holdings is considering issuing offshore bonds to raise approximately $5 billion to meet the funding needs of its artificial intelligence business expansion. It is reported that the issuance may be denominated in both US dollars and offshore renminbi, and could launch as early as this month. Analysts note that as demand for AI infrastructure construction and computing power investment continues to rise, global tech companies are increasingly turning to bond financing to raise capital. The fundraising plan is still in the discussion stage, and the final issuance size and timing have not yet been finalized. (Bloomberg)
Manus Completes New Funding Round of Over $500 Million
On October 8, Butterfly Effect, the parent company of Manus, officially announced that it has recently completed a new funding round of over $500 million. This round was led by Boyu Capital and IDG Capital, with continued participation from existing shareholders Tencent, Sequoia China, and ZhenFund.
DeepSeek Nears Completion of ~$12 Billion Fundraising, with Tencent and CATL Potentially Participating
Odaily News: DeepSeek is nearing the completion of a new funding round, with the scale expected to reach at least 80 billion yuan (approximately $12 billion), significantly exceeding the company's previous fundraising target of about 50 billion yuan. Sources familiar with the matter revealed that Tencent Holdings and CATL have committed to contributing larger amounts in this funding round, and the related financing transaction is expected to be completed soon. Due to a significant increase in market demand and investment interest following the release of DeepSeek's latest AI model, this funding round has exceeded expectations, with the final amount potentially approaching 100 billion yuan.Previously, DeepSeek sought to raise approximately 50 billion yuan, but investor interest in its AI technological progress drove the funding scale to expand further. DeepSeek had already attracted attention from institutions including Tencent and CATL, and has been using financing to expand computing infrastructure, AI model research and development, and team building. Bloomberg LíneaAccording to reports, DeepSeek plans to conduct an initial public offering (IPO) in early 2027, and this large-scale fundraising will provide financial support for its pre-listing development. DeepSeek has gained global attention with its low-cost, high-performance AI models, and is currently increasing investment in next-generation AI technology and computing resources. (Bloomberg)
Due
Tencent WorkBuddy's WeChat Mini Program Release Feature is Now Live
Tencent WorkBuddy: WorkBuddy's WeChat Mini Program publishing capability is now live. Generation, preview, and publishing can all be completed within WorkBuddy, so the standard workflow no longer requires installing additional developer tools, configuring an AppID, or manually uploading code packages.
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Tencent QClaw will cease operations on December 24, supporting refunds and migration to WorkBuddy.
Tencent QClaw has issued a service discontinuation announcement. Starting today, QClaw will suspend new user registrations and subscription purchases and renewals, with official service termination set for 00:00 on December 24, 2026. Eligible unused subscription services and credit packs are eligible for pro-rated refunds based on actual usage. Users may export or migrate configurations, memory files, AI agent personas, and chat histories to WorkBuddy. The backup download functionality will remain accessible until 00:00 on March 24, 2027, after which all associated user data will be legally purged.
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腾讯发布混元图像 3.5 预览版，综合能力较上一代提升约 30%
Tencent officially releases the professional-grade image generation model Hunyuan Image 3.5 Preview (Hy Image 3.5 Preview). The model supports text-to-image and image-to-image generation, allows uploading up to 5 reference images per session, supports multiple aspect ratios, up to 2K resolution output, and multi-turn conversational creation.
Tencent Yuanbao Upgrades "AI Voice Recorder": Supports Simultaneous Recording and Shooting, Plus Internal Device Recording
The Tencent Yuanbao App has upgraded its "AI Voice Recorder" feature, adding concurrent recording and photo capture, internal device audio recording, customizable editing of transcriptions and summaries, and batch audio management. Recordings can be exported to Tencent Docs or sent to WorkBuddy with one click for team collaboration, proposal drafting, and presentation creation. The features are available to users who update to version V2.85.0 or later.
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Insider: Manus reportedly seeks $500 million in funding, valuation may double to $4 billion
- According to people familiar with the matter, AI Agent startup Manus is preparing a new round of $500 million in funding, with the deal nearing completion and the company's valuation expected to double to $4 billion. This would be Manus's first funding round since splitting from Meta.If the funding is completed as planned, Manus will become the highest-valued startup in China's Agentic AI sector. Negotiations are still ongoing, and specific terms may change. The identity of new investors has not yet been disclosed. Manus's existing investors include Tencent, HSG, and ZhenFund. (Bloomberg)
Insider
Tencent Hunyuan: Specifically optimized the Hy4 preview to address issues such as "prolonged reasoning on complex tasks" and "excessive self-validation".
The joint team of Tencent Hunyuan and WorkBuddy announced that since the initial integration of Hunyuan Hy4 preview into WorkBuddy, it has received positive experiences and enthusiastic feedback from users and developers. To address challenges such as "prolonged reasoning for complex tasks" and "excessive self-verification," we have implemented targeted optimizations and fully deployed the updates. Monitored through both Bench metrics and human evaluation, the optimized version significantly reduces task turns and input/output token consumption without compromising task performance.
China's AI Large Model API Call Volume Leads the World for 19 Consecutive Weeks as Tencent Hy4 preview Tops the Rankings
According to the latest data from OpenRouter, National Business Daily calculated that the total global API calls for AI large models last week (August 31 to September 6) reached 115 trillion tokens, a week-over-week increase of 1.77%. In particular, weekly API calls for Chinese AI large models amounted to 56.72 trillion tokens, a week-over-week increase of 2.83%, surpassing the United States (16.54 trillion tokens, a week-over-week decline of 3.1%) for the 19th consecutive week and firmly holding the top global position. In the global top five for call volume, four are Chinese models. Tencent Hunyuan HY4 Preview led with 14.7 trillion tokens, marking a week-over-week increase of 379%; GPT-5.6 Luna took second place with 12.9 trillion tokens; Zhipu GLM-5.3 Flash climbed to third with 12.4 trillion tokens; while the official and preview versions of DeepSeek-V4-Flash secured fourth and fifth places, respectively. MiniMax M3 returned to the rankings after nearly a month, claiming sixth place, and has since become the underlying foundation for the Arabic large model developed by Saudi Arabia’s HUMAIN company. Meanwhile, Xiaomi’s MiMo-V2.5 and Gemini 3.7 Flash fell out of the rankings this week.
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B.AI Cumulative Token Throughput Surpasses 10.9 Trillion, Free Promotions Continue to Release Compute Dividends
The AI Agent infrastructure platform B.AI announced that since the launch of its free campaign, the platform's cumulative token throughput has exceeded 10.9 trillion, with total API calls reaching 89.56 million, attracting over 239,000 new registered users (including 235,000+ API developers). The platform infrastructure has consistently demonstrated its stability and capacity under the stress of massive high-concurrency scenarios and intensive Agent workflows. In terms of the model lineup, GLM-5.3-Flash (Ox Alpha), Qwen3.8-Flash, Tencent Hy3, and Xiaomi MiMo-V2.5 remain fully free, while DeepSeek-V4-Flash and Vision-Exp versions are now available at a 50% discount, striking a balance between zero-threshold access and exceptional cost efficiency. Going forward, B.AI will continue to deliver more efficient, reliable, and cost-effective AI compute services to developers and enterprise teams, accelerating the real-world deployment of AI applications. Visit chat.b.ai/chat to start deploying your efficient workflows today.
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Tencent Hy4 Preview Officially Launches on B.AI API with Full Developer Access
Odaily News, September 2 — The B.AI platform announced that Hy4 Preview, the latest open-source flagship model from Tencent's Hunyuan team, has officially launched its API service, providing full developer access. As an early version of the Hy4 series, this model adopts a 770B sparse MoE architecture, activating 49B parameters per token, and supports a 1M ultra-long context window, delivering professional-grade performance in scenarios such as software engineering agents, office data workflows, game development, and scientific research. Starting today, developers can directly call Hy4 Preview through the official B.AI API channel, and visit chat.b.ai/chat for details and an immediate hands-on experience. Going forward, B.AI will continue to introduce cutting-edge models, offering developers a richer and more cost-effective selection of AI computing power.