Spend 51.4 billion! Ma Huateng: Tencent significantly increases computing power procurement

Zhidongxi Author | Wang Han Editor | Xinyuan Zhidongzhi reported on August 12 that Tencent’s second quarter (Q2) financial report for 2026 has just been released. Tencent founder, chairman and CEO Ma Huateng said in the earnings call that Tencent has significantly increased its computing power purchases this quarter. The financial report shows that Tencent recorded a free cash flow of -13.8 billion yuan in Q2. If prepayments for computing power procurement are excluded, the free cash flow is 37.6 billion yuan. From this, its Q2 computing power prepayment amount is estimated to be 51.4 billion yuan. Regarding computing power, Tencent President Liu Chiping further added that the current demand for computing power rental market is strong, and some cloud service providers can recover depreciation costs in the short term through external leasing. However, Tencent's strategy is different. The new computing power will be prioritized for self-developed large model training and market expansion of AI applications, taking into account both internal model development and external leasing needs. By the end of this year and next year, Tencent will have enough GPU capacity to strengthen cloud services, including bare metal GPU rental and MaaS (Model as a Service). AI has become Tencent's main focus this quarter: Hy3 was officially released and open sourced, with 20-30% improvement in agent and code capabilities compared to the preview version; WeChat's native AI assistant Xiaowei started grayscale testing and penetrated into 16 WeChat entrances from the chat page to the circle of friends; the number of visits to the office intelligent application Workbuddy exceeded 20 million times in a single month, maintaining the first place in the market. Tencent President Liu Chiping revealed at the financial report that Hy4 is planned to be launched in the near future, and its model scale will be further expanded based on Hy3, while model performance and multi-modal capabilities will also be improved. Focus back on business performance. As of June 30, 2026, Tencent's Q2 total revenue was 204.785 billion yuan, a year-on-year increase of 11%; net profit was 57.977 billion yuan, a year-on-year increase of 3%, and a month-on-month decrease of 2%. ▲Tencent’s quarterly revenue and net profit (intelligent east-west mapping) Among the total revenue, ToB business (financial technology and enterprise services) revenue was 60.286 billion yuan, a year-on-year increase of 9%, of which enterprise service revenue