TENCENT(HK:00700) Sou Hu Cai Jing·2026-01-22 10:35Core Insights - Tencent Cloud emphasizes its commitment to AI and international expansion as key growth areas, showcasing significant achievements in its ecosystem development [1] - The company has partnered with over 11,000 partners, achieving double-digit growth in public cloud revenue and a 30% increase in international business [1][5] - Tencent Cloud's AI products, particularly large models, have seen revenue growth of over 50 times in two years, indicating a strong market demand for AI solutions [1][5] Group 1: Revenue Growth and Market Position - Public cloud revenue from partners has maintained double-digit growth, with mid-tier and larger clients also experiencing similar growth [5] - AI and SaaS products have significantly outpaced IaaS revenue growth, with AI and international business becoming crucial growth drivers [5] - Tencent's large model products have supported over 900 internal business scenarios, with over 30 new models released in the past year [5][6] Group 2: AI Development and Applications - Tencent Cloud's Intelligent Agent Development Platform (ADP) continues to evolve, leading in core capabilities such as multi-modal understanding and knowledge graphs [6] - The company has launched an industrial energy ADP ecosystem plan, providing partners with dedicated technical support and training [6] Group 3: Strategic Initiatives and Partner Support - Tencent Cloud has introduced the "Running Plan" to assist partners in transforming their capabilities and co-creating AI applications [8] - The company encourages partners to adopt the AI for SaaS strategy, facilitating a shift from resource-based sales to value-based sales [8] - Tencent Cloud has opened AI scenarios for direct sales clients, enhancing the full process capability from research to delivery [9] Group 4: Industry-Specific Solutions and Global Expansion - Tencent collaborates with partners to define AI application scenarios in various industries, including finance and legal technology, creating replicable industry models [9][10] - The company supports partners in international expansion by sharing infrastructure and providing localized market insights, significantly reducing trial and error costs [10] - CloudNo's international business has grown over 50%, with international revenue now accounting for over 60% of its total, highlighting the effectiveness of Tencent's support [10]