Tencent Holdings is significantly reducing its share buyback program. Single-day repurchase amounts have shrunk to approximately HK$100 million. This represents a sharp decline from the hundreds of billions spent in previous years.
The company is reallocating capital to prioritize its artificial intelligence strategy. This shift funds a full-stack AI layout including computing power and large models. Tencent is also monetizing its investment portfolio to support this transition.
Management expects slower profit growth in the short term. The company is betting on the eventual large-scale monetization of its AI infrastructure.