Core Viewpoint - The article highlights the advancements in domestic chip performance and the strategic focus of Tencent on enhancing AI computing power through a heterogeneous computing platform that integrates various chip resources [1][3]. Group 1: Chip Performance and Strategy - Tencent Cloud is leveraging a heterogeneous computing platform to provide AI computing power, which is fully compatible with mainstream domestic chips [1]. - The application ratio of domestic GPU chips is expected to increase by 2025, as cloud vendors maintain a diversified strategy for computing chips, including self-developed and domestic chip testing [3]. - Tencent's management emphasizes the importance of both imported and domestic chips, noting that some domestic chips can effectively handle smaller model inference tasks [3]. Group 2: Efficiency and Capital Expenditure - Tencent has made significant capital expenditures, totaling 83.1 billion yuan from Q4 of last year to Q2 of this year, to rapidly build computing power for self-developed products and client services [4]. - The company has invested heavily in optimizing computing efficiency, with improvements in various areas such as storage and communication, which can enhance operational efficiency significantly [4]. - The upgrade of AI infrastructure is expected to accelerate the large-scale deployment of intelligent agents, with rapid iterations in technology paradigms related to inference in the open-source community [4].

9月16日，2025腾讯全球数字生态大会在深圳举行。腾讯集团高级执行副总裁、云与智慧产业事业群 CEO汤道生介绍，过去3年，腾讯云国际业务持续高双位数增长。智通财经获悉，腾讯云海外客户过去 一年同比翻倍，覆盖80多个国家和地区。未来，腾讯云还将新增沙特、大阪数据中心，遍布全球21个地 区3200+ 全球加速节点的基础设施为用户提供快速稳定、智能可靠的服务。 ...

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北京商报讯（记者 魏蔚）9月16日，在2025腾讯全球数字生态大会主峰会上，腾讯公布多项AI技术和产 品最新进展，并宣布通过腾讯云全面开放腾讯AI落地能力及优势场景，助力"好用的AI"在千行百业中加 速落地。面对各界关注的算力问题，腾讯集团副总裁、腾讯云总裁邱跃鹏宣布，目前腾讯已经全面适配 主流的国产芯片，并积极参与和回馈开源社区。软硬件协同全栈优化是腾讯云的长期战略投入，通过异 构计算平台的软件能力，整合不同类型的芯片对外提供高性价比的AI算力。 ...

Group 1 - The "China Top 500 Enterprises" list was released on September 15 by the China Enterprise Confederation and the China Enterprise Directors Association, highlighting the performance of Chinese companies based on their 2024 revenue [1] - Shenzhen has 27 companies listed, with 8 of them making it into the top 100, including notable firms such as Ping An Insurance, Huawei, BYD, Tencent, China Merchants Bank, Vanke, SF Express, and Shenzhen Investment Holding [1] - The selection criteria for the list is based on the operating revenue of the companies for the year 2024 [1]

Core Viewpoint - Tencent Cloud has adapted its heterogeneous computing platform to mainstream domestic chips, indicating a significant advancement in computing performance and resource utilization in the industry [1] Group 1 - Tencent Cloud President Qiu Yuepeng announced the adaptation of the heterogeneous computing platform to mainstream domestic chips at the 2025 Tencent Global Digital Ecosystem Conference [1] - The company highlighted the increasing heterogeneity of GPU computing resources, emphasizing the continuous improvement in computing performance of many domestic chips [1]

Core Insights - Tencent Cloud is actively participating in the open-source community and has developed a heterogeneous computing platform that integrates various chip resources to provide cost-effective AI computing power [1][5] - The shift in the large model industry from training to inference has led to a surge in demand for inference capabilities, prompting upgrades in AI infrastructure [3][4] - Tencent Cloud's infrastructure now covers 55 availability zones globally, with over 3,200 acceleration nodes, and has successfully defended against a 183% year-on-year increase in DDoS attacks [1][10] Group 1: AI Infrastructure and Optimization - Tencent Cloud has contributed multiple optimization technologies to open-source communities, including FlexKV multi-level caching technology, which reduces KVCache usage and lowers first-word latency by up to 70% [1][4] - The company has optimized GPU communication performance by 30% and doubled performance in common data center environments through enhancements to the DeepEP technology [3][4] - The introduction of the Agent Runtime solution provides a secure and efficient environment for deploying AI agents, integrating various components such as execution engines and cloud sandbox services [5][6] Group 2: Global Expansion and Client Support - Tencent Cloud has established nine technical support centers globally and plans to build new availability zones in Osaka, Japan, and Saudi Arabia, enhancing its international presence [1][14] - The company successfully migrated a large-scale project for GoTo, Indonesia's largest tech group, completing over 500 customized requirements and establishing a third availability zone in just five months [14] - Tencent Cloud's services have been recognized as a leader in the global gaming cloud platform market, providing robust infrastructure to support over 10,000 games and ensuring low-latency experiences for players worldwide [10][11] Group 3: Advanced Technologies and Services - The Cloud Mate service, which consists of various sub-agents, enhances cloud governance and risk management, achieving a 95% interception rate for risky SQL queries [8][9] - The integration of AI with database optimization has resulted in an 80% reduction in total latency for complex queries, showcasing Tencent Cloud's commitment to improving performance [9][10] - The EdgeOne product, which combines AI and security acceleration, has facilitated over 100,000 users in deploying e-commerce web pages quickly and efficiently [11][12]

Core Insights - Tencent Cloud's heterogeneous computing platform has been adapted to mainstream domestic chips [1] - The company emphasizes the increasing heterogeneity of GPU computing resources and the continuous improvement of computing performance in domestic chips [1] Group 1 - Tencent Cloud President Qiu Yuepeng announced the adaptation of its heterogeneous computing platform to mainstream domestic chips at the 2025 Tencent Global Digital Ecosystem Conference [1] - The company highlights the growing diversity in GPU computing resources [1] - Domestic chips are reportedly enhancing their computing performance [1]

Core Viewpoint - Feiyu Technology (01022) has seen its stock price increase by over 300% since early July, with a current trading price of 0.93 HKD and a trading volume of 22.285 million HKD [1] Group 1: Company Developments - The company has entered into a game development agreement with Tencent Computer, where Feiyu Technology will develop a mini-game based on Tencent's intellectual property [1] - Tencent will pay Feiyu Technology a production fee of 12.5 million RMB for the development of the mini-game [1] - This agreement aligns with the company's strategy in the mini-game sector and is expected to enhance the team's technical capabilities and experience in game development [1] Group 2: Market Position and Future Prospects - The collaboration with Tencent, a dominant player in the Chinese mini-game market, is anticipated to help Feiyu Technology build its industry reputation and foster long-term cooperation with Tencent [1]

该行认为，AI应用的快速进展应能维持投资者对中国AI主题的兴趣，特别是对推动高推理需求的应 用；并视腾讯和阿里为AI应用与基础设施的主要受益者。该行对中国科网行业的公司维持"增持"评级， 首选为腾讯、携程、阿里和快手。 大华继显发表研究报告指出，与美国大型科技公司每年2000亿美元的AI投资相比，包括字节跳动、阿 里、腾讯及百度在内的中国主要科技企业总支出约为600亿美元。该行认为，这表明中国的投资仍处于 相对理性的阶段，预计未来3至6个月内，加速的AI云端收入增长、新模型发布及AI代理部署将进一步 推动货币化。 ...