Understanding the Market | Tencent Holdings rises over 2%, the company states that it has fully adapted to mainstream domestic chips for the first time in four years and issued bonds
Tencent Holdings' stock price rose by more than 2%, with a cumulative increase of over 50% this year. As of now, the stock price is HKD 659, with a trading volume of HKD 5.346 billion. Tencent Cloud has fully adapted to mainstream domestic chips and plans to issue RMB 9 billion in bonds in 2025, marking its first issuance in four years, which includes RMB 6 billion in 10-year bonds with an interest rate of 2.5%
According to Zhitong Finance APP, Tencent Holdings (00700) rose over 2%, with its stock price accumulating more than 50% increase year-to-date. As of the time of publication, it rose 2.17%, priced at HKD 659, with a trading volume of HKD 5.346 billion.
In terms of news, recently, at the main summit of the 2025 Tencent Global Digital Ecosystem Conference, Qiu Yuepeng, Vice President of Tencent Group and President of Tencent Cloud, announced that Tencent Cloud has fully adapted to mainstream domestic chips and is actively participating in and giving back to the open-source community. At the same time, the collaborative optimization of software and hardware across the stack is Tencent Cloud's long-term strategic investment, providing high-cost performance AI computing power by integrating different types of chips through the software capabilities of heterogeneous computing platforms.
Tang Daosheng, Senior Executive Vice President of Tencent Group and CEO of the Cloud and Smart Industries Group, stated that Tencent has collaborated with multiple chip manufacturers for adaptation, with many types of models available, ranging from hundreds of billions to thousands of billions, as well as models in the tens of billions and billions. Different scenarios require different configurations of chips, and Tencent will maintain an open attitude to cooperate with various chip manufacturers, with some collaborations involving customized adaptations.
It is noteworthy that Tencent announced that on September 16, 2025, the company has entered into a subscription agreement with the underwriter for the issuance of notes with a total principal amount of RMB 9 billion according to the plan. This marks the first bond issuance in four years. The largest batch is a RMB 6 billion 10-year bond with an interest rate of 2.5%, which is 50 basis points lower than the initial price guidance. The interest rate for the newly issued five-year bond is 2.1%
