Morningstar

Tencent to Raise Around $5.7 Billion From Dollar, Yuan Bonds

Provided by Dow Jones

By Jiahui Huang 




  Tencent Holdings plans to raise nearly $5.7 billion through a dual-currency offering of dollar and yuan bonds. 



  The fundraising coincides with a broader push by Chinese technology and artificial intelligence firms to secure capital for expansion amid the AI boom. 



  The company intends to issue notes valued at $1.8 billion and 26 billion yuan, equivalent to $3.88 billion, Tencent said Wednesday. 



  Tencent plans to use the net proceeds for general corporate purposes. 



  According to a recent report by S&P Global Ratings, Tencent's annual capital expenditures could surpass 200 billion yuan in both 2026 and 2027 to fund investments in artificial intelligence and cloud computing. This projected outlay would mark a sharp increase from the 87.5 billion yuan in 2025. 



  Tencent's shares were down 1.5% at 419.00 Hong Kong dollars in early Hong Kong trading. 





  Write to Jiahui Huang at jiahui.huang@wsj.com 





  (END) Dow Jones Newswires



  October 13, 2026 22:23 ET (02:23 GMT)


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