Tencent starts paying for AI in cash, core business is covering the bill

DIGITIMESAugust 13, 2026en

Tencent Holdings used its second quarter to show what an AI build-out costs a company that can afford one. Capex reached CNY52.8 billion (US$7.81 billion), up 176% from a year earlier, and free cash flow turned negative for the quarter after large prepayments for computing capacity.

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