马化腾，最新发声！

Core Viewpoint - Tencent's Q1 2025 financial report shows a revenue of 1800.22 million yuan, a 13% year-on-year increase, with adjusted net profit rising by 22% to 613.29 million yuan, indicating strong growth driven by AI investments and strategic initiatives [1][2]. Group 1: AI Strategy Acceleration - Tencent's capital expenditure in Q4 2024 increased by 386% to 365.8 million yuan, with a total annual capital expenditure of 767.6 million yuan, marking a historical high at 11.6% of total revenue [4]. - For 2025, Tencent plans to further increase capital expenditure, potentially nearing 100 billion yuan, which will represent a low double-digit percentage of total revenue [4]. - The AI capabilities have significantly contributed to Tencent's advertising and gaming businesses, with the daily active users of Tencent's AI product "Yuanbao" increasing over 20 times from February to March [4][5]. Group 2: Gaming Revenue Growth - Tencent's domestic game revenue reached 429 million yuan, a 24% year-on-year increase, while international game revenue was 166 million yuan, up 23%, both hitting historical highs [7]. - Popular games like "Honor of Kings" and "CrossFire Mobile" achieved record-high revenues, and the newly launched "Delta Action" reached a peak of 12 million daily active users [7]. - AI technology is being utilized to enhance user experience and engagement in games, such as the introduction of AI assistants in "Peace Elite" [8]. Group 3: ToB Revenue Growth through AI and Cloud - Tencent's financial technology and enterprise services revenue grew by 5% to 549 million yuan, driven by consumer loan and wealth management services [10]. - The monthly active accounts for WeChat and WeChat combined reached 1.402 billion, a 3% year-on-year increase [10]. - Tencent's cloud solutions have maintained the top position in the Chinese market for seven consecutive years, leveraging AI capabilities to enhance content generation and media processing [10][11].