Tencent backs USD 15.0 billion DeepSeek round. Tencent stock trades at EUR 43.11

Published on 10/22/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tencent was among DeepSeek's largest backers in its USD 15.0 billion round on October 22, 2026. Tencent stock trades at EUR 43.11.

Funding and earnings context

Tencent was among the largest investors in DeepSeek's USD 15.0 billion funding round on October 22, 2026.
Second-quarter 2026 revenue rose 11.00 percent to CNY 204.785 billion.
Tencent stock trades at EUR 43.11 at 9:37 a.m. CEST at Lang & Schwarz on October 22, 2026.
Barclays cut its Tencent target from USD 106.00 to USD 88.00 on October 20, 2026.

Tencent Holdings Ltd., KYG875721634, Illustration mit AI erstellt.

Tencent Holdings Ltd. (ISIN KYG875721634) was among the largest investors in DeepSeek's USD 15.0 billion funding round, according to Yahoo Finance on October 22, 2026. The funding gives Tencent another direct connection to China's fast-growing artificial intelligence investment cycle. At Lang & Schwarz, the stock was trading at EUR 43.11 on October 22, 2026 at 9:37 a.m. CEST.

DeepSeek adds an AI spending angle

Bloomberg reported that DeepSeek raised about USD 15.0 billion, or CNY 100.0 billion, with Tencent and Contemporary Amperex Technology among the biggest investors. The report said the Hangzhou-based startup had increased its fundraising target from CNY 50.0 billion to CNY 80.0 billion before reaching the final amount, according to Moneycontrol.

What does AI spending mean?

The investment arrives as Tencent balances growth with higher artificial intelligence costs. Markets Insider reported on October 20, 2026 that Barclays cut its Tencent price target to USD 88.00 from USD 106.00 and expected AI spending to remain elevated through the second half of 2026 and throughout 2027. Nomura maintained a Buy rating on October 18, 2026 with a HKD 659.00 target, according to Markets Insider.

Three dated Tencent developments

On August 12, 2026, Tencent announced second-quarter results. On October 14, 2026, it priced USD 1.8 billion and CNY 26.0 billion of notes. On October 22, 2026, Bloomberg reported Tencent's participation in DeepSeek's USD 15.0 billion funding round.

Next reporting date

Tencent's next quarterly results are scheduled for November 18, 2026, according to the company's investor-relations calendar at Tencent.

Stock stays in pre-market trading

Tencent's primary listing is on the Hong Kong Stock Exchange under ticker 700.HK. Second-quarter 2026 revenue rose 11.00 percent year over year to CNY 204.785 billion, while profit attributable to equity holders increased 0.70 percent to CNY 56.022 billion, according to GMT Eight. The figures show that Tencent entered the DeepSeek investment with a growing earnings base, but Barclays' target cut highlights the cost pressure attached to its AI strategy. The further course of trading is shown by the continuously updated real-time quote of Tencent stock.