Tencent stock gets new AI catalyst as Hy4 adds vision tools

Tencent announced the release of its Hy4 large language model on Wednesday, November 4, adding visual understanding and computer-use capabilities to its open-source AI platform. The company presented the model as a step toward broader workplace and consumer applications, while investors await evidence that Tencent can turn its expanding AI portfolio into durable usage and revenue.

Tencent's announcement says Hy4 can process detailed images, analyze complex charts and perform mathematical visual reasoning. For the first time in the Hy model family, it can also interact with command-line and graphical interfaces, including across multiple applications.

From AI model to enterprise tool

The new capabilities are aimed at tasks that extend beyond conventional text generation. Tencent said Hy4 was trained for professional software such as Blender and computer-aided design applications, improving its ability to plan and execute longer workflows. The model is also designed for document presentation, web development, visual creative work and game development.

Hy4 is already available through Tencent Cloud TokenHub, WorkBuddy, CodeBuddy, Yuanbao, WeCom's AI Assistant and ima. Tencent is also making the application programming interface available through third-party platforms including OpenRouter, Hermes and OpenCode. Integration work is under way for additional Tencent products, including QQ, Honor of Kings, Game of Peace, WeRead and Tencent News.

The company reported an average WorkBuddy evaluation score of 83.18 and a 96.15 percent pass rate, with Hy4 ranking first in nine of 12 tested scenarios in mainland China. Those figures are internal company evaluations rather than evidence of commercial adoption, but they show the performance case Tencent is presenting as it expands AI across its ecosystem.

Pricing and open-source plans

Tencent said Hy4 maintains the same API pricing as the preview version: 0.90 US dollars per million input tokens, 2.70 US dollars per million output tokens and 0.045 US dollars per million cached input tokens. WorkBuddy and CodeBuddy are free from November 4 through November 15, while Hy4 is available on Tencent Cloud TokenHub at half-price through December 31, 2026.

The company plans to release the model weights and system cards in the coming days. A lower-cost Hy4 Flash version is scheduled next, giving Tencent another route to address customers that prioritize operating costs over maximum capability.

What investors should watch next

Tencent stock traded at 47.71 euros on Lang & Schwarz at 09:31 CET on Friday, November 6, 2026. Investors can follow the real-time quote of Tencent stock as the market weighs the commercial potential of the new model. The quote is presented without a daily direction because a matching Xetra closing comparison is not used.

The immediate milestones are the publication of Hy4's weights and system cards, the rollout of Hy4 Flash and the expansion of integrations across Tencent's products. The next update from those deployments should help investors assess whether technical advances are translating into broader usage, enterprise demand and monetization.

Broader market context is available in the current market reports.

Find more news and analyses on Tencent stock.

Tencent Holdings Ltd.

• ISIN: KYG875721634
• Lang & Schwarz quote: 47.71 euros at 09:31 CET on November 6, 2026
• Hy4 launch: November 4, 2026
• Next product steps: Model weights and system cards in the coming days; Hy4 Flash scheduled soon