SEHK:700Interactive Media and Services
What Tencent Holdings (SEHK:700)'s DRAM Supply Deal and AI IPO Moves Mean For Shareholders
In recent days, Tencent-backed Momenta Global launched a Hong Kong IPO to raise up to US$751 million for AI-focused R&D, while Tencent itself agreed a multi-year DRAM chip supply deal with ChangXin Memory Technologies and expanded Weixin Pay’s reach through a Memorandum of Understanding with New Zealand tourism operator RealNZ.
These moves highlight how Tencent is working to secure critical chip supply for its cloud and AI infrastructure while using payments partnerships to deepen the Weixin...