Tencent joins DeepSeek funding round. Tencent Holdings stock falls 1.36 percent

Published on 10/07/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DeepSeek seeks at least 80 billion yuan with Tencent among major backers, Bloomberg reports. Tencent Holdings stock costs EUR 47.82 after EUR 48.48, down 1.36 percent.

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

Tencent Holdings stock (ISIN KYG875721634) was trading at EUR 47.82 at Lang & Schwarz on October 7, 2026 at 9:31 a.m. CEST, down 1.36 percent from the prior close of EUR 48.48. As Yahoo Finance reported on October 6, 2026, Tencent is among the leading investors in a DeepSeek funding round seeking at least 80 billion yuan.

DeepSeek funding reaches new scale

The reported financing compares with DeepSeek's initial target of 50 billion yuan, while signed term sheets could take the final amount toward 100 billion yuan. The round would support computing infrastructure and a possible initial public offering in early 2027, although final terms remain subject to negotiations.

Tencent's earlier commitment of 10 billion yuan was described as the largest single investment DeepSeek had received at that stage. The connection gives Tencent another route to expand artificial intelligence capabilities across its products, but the financing is an external investment rather than a direct increase in Tencent's reported revenue.

Second-quarter growth funds AI spending

According to Tencent in its results dated August 12, 2026, total revenue reached RMB 204.8 billion in the second quarter of 2026, up 11.00 percent from the second quarter of 2025. Non-IFRS profit attributable to equity holders rose 9.00 percent year over year to RMB 68.4 billion.

The investment cycle carries a measurable cost. Tencent reported RMB 52.8 billion of capital expenditure in the second quarter of 2026, up 176.00 percent year over year, while free cash flow was negative RMB 13.8 billion because of AI-related compute prepayments.

Stock trades below Hong Kong range

Tencent's primary listing is HKEX under ticker 700.HK. The primary-market quote was HKD 420.40 at 3:18 a.m. HKT on October 7, 2026, with a 52-week range of HKD 411.00 to HKD 681.00 and market capitalization of HKD 3.8 trillion. These Hong Kong figures provide context, while the euro quotation remains the reference price for German investors.

The reported DeepSeek investment adds strategic AI exposure, while the second-quarter spending figures show why execution and monetization matter. Tencent's revenue growth remained positive in the second quarter, but the 176.00 percent capital expenditure increase was much faster than the 11.00 percent revenue increase.

Price remains under pressure

Tencent Holdings stock was trading at EUR 47.82 at Lang & Schwarz on October 7, 2026 at 9:31 a.m. CEST, down 1.36 percent versus the Lang & Schwarz prior close of EUR 48.48. The further course of trading is shown by the continuously updated real-time quote of Tencent Holdings stock.