Tencent reported weaker second-quarter profit as AI spending accelerated, putting pressure on investors to judge whether its infrastructure bet can produce returns.

Ant, Tencent, Alibaba and Baidu are pushing AI work agents for enterprises, highlighting China’s shift from chatbots to workflow automation.

Tencent is reportedly set to replace Meta at Manus, a supplier shift that could reshape model strategy, compliance and enterprise AI positioning.

Tencent is reportedly in talks to become Manus’ largest shareholder, signaling intensifying competition for strategic stakes in China AI startups.

Tencent sold about $1.5 billion of its Kuaishou stake, a move investors are reading as part of its faster capital shift toward AI bets.

Reports say Alibaba and Tencent backed Kling AI, a move that suggests China’s AI leaders may prefer platform bets over direct video model rivalry.

Tencent reported weaker-than-expected revenue while citing support from gaming and AI demand in its latest results.

Tencent revealed plans to launch its Hunyuan 3.0 large language model in April 2026 and is developing an advanced AI agent for WeChat, as its 2025 revenue surged 14% to $108.8 billion.