From Moonshot to Enflame: how Tencent is betting big on China’s AI champions

Tencent Holdings is reallocating venture capital from legacy internet assets to double down on China's AI champions, including model maker Moonshot AI and chip designer Enflame. The tech giant recently trimmed its stake in Kuaishou Technology after backing a US$3 billion round for Kuaishou's AI video unit Kling AI.

Advertisement From Moonshot to Enflame: how Tencent is betting big on China’s AI champions A look at some of the key companies in Tencent’s growing AI portfolio, from model makers to chip designers 2-MIN READ2-MIN Listen Iris Deng /author/iris-deng in Shenzhen Tencent Holdings is quietly reallocating its venture capital bets away from legacy internet assets to double down on China’s highest-profile artificial intelligence champions. While the tech giant’s sprawling portfolio spans mobile gaming, e-commerce and consumer goods globally, its AI strategy has rapidly accelerated. Earlier this month, Tencent trimmed its long-held stake in Kuaishou Technology days after backing a US$3 billion round for Kuaishou’s AI video unit, Kling AI. Tencent did not respond to a request for comment. Here is a closer look at the other key players in Tencent’s AI portfolio. Moonshot AI Tencent was one of the earliest backers of Chinese unicorn Moonshot AI, developer of the recently released Kimi K3 model that sparked talk of another “DeepSeek moment” https://www.scmp.com/tech/big-tech/article/3361387/another-deepseek-moment-what-chinas-kimi-k3-means-global-ai-industry?module=inline&pgtype=article?module=inline&pgtype=article .Advertisement Select Voice Select Speed 1.00x