TENCENT(HK:00700) Cai Jing Wang·2025-09-17 14:22Core Insights - Tencent has embraced AI over the past year, rapidly iterating its capabilities and transitioning from "usable AI" to "fully open usable AI" [1] - The company aims to enhance industrial efficiency through intelligence and expand revenue through globalization, which are identified as the two core growth drivers [1] - Tencent Cloud has seen high double-digit growth in international business over the past three years, with the number of overseas customers doubling year-on-year [2][7] AI Strategy - Tencent Cloud has launched a comprehensive AI strategy, focusing on open AI capabilities and enhancing both consumer and business advantages [1] - The AI application "Tencent Yuanbao" has become one of the top three AI-native applications in China, with daily inquiries reaching the total monthly volume from earlier this year [1] - AI has contributed to double-digit growth in Tencent's advertising and gaming sectors [1] Globalization Efforts - Tencent Cloud is expanding its infrastructure and service capabilities to support local businesses and help them enter global markets [2][7] - The company is actively building new availability zones in various countries, including Saudi Arabia and Indonesia, to meet strong demand from both outbound Chinese enterprises and local companies [7][8] User-Centric AI Development - Tencent emphasizes a user-first approach in its AI strategy, focusing on addressing user pain points and providing optimal solutions [4] - The company aims to develop "human-centered AI" that effectively serves user needs and drives technological advancement [4] Technical Strengths - Tencent's technical capabilities are seen as a barrier to entry in the AI space, with a focus on understanding and processing complex documents [5] - The company has been refining its products and technologies through practical projects, which has led to a competitive advantage in the market [5] Robotics and AI Integration - Tencent's Robotics X lab has launched an open platform for embodied intelligence, aiming to enhance robots with advanced software capabilities [6] - The company seeks to provide software technology and AI capabilities to various embodied intelligence enterprises, supporting industry-wide development [6] Adaptation to Market Needs - Tencent has adapted its cloud products to meet the differing needs of overseas customers, including preferences for API interfaces over traditional management tools [8][9] - The company is exploring new AI capabilities and applications in international markets, particularly in Southeast Asia and the Middle East [9] Collaboration with Chip Manufacturers - Tencent has announced full compatibility with mainstream domestic chips and is collaborating with various chip manufacturers to adapt AI models [10] - The company maintains an open attitude towards partnerships in the chip industry, focusing on software and model development while selecting the most suitable hardware for different scenarios [10]