On March 17, 2026, Buick’s first pure electric MPV, the Zhijing Shijia pure electric version, was officially launched. Only a luxury version was launched, with an official guide price of 489,900 yuan. At this point, Buick has completed the brand’s flagship dual-power layout of plug-in hybrid + pure electric power
February 14th is Valentine's Day, and it is also a holiday for many young couples to spend time together. Many people will choose to register their marriage today, treating it as a memorable day. Zhao Benshan's daughter Zhao Jiaxuan (Qiuqiu) officially announced the news of getting her marriage certificate on social platforms and posted a photo of her marriage certificate. It immediately became a hot search topic and attracted heated discussions among countless netizens.
In addition to posting photos, Qiuqiu also directly confessed to her husband through the air, saying that I will spend the rest of my life with you. It is really very romantic. The two of them had planned to get their wedding certificates on Valentine's Day. During the live broadcast, Qiuqiu publicly admitted that she would get married this month, but did not specify the time. Now it was confirmed that it was Valentine's Day. It must be said that the time chosen by the two was still very romantic.
In the photo, Zhao Jiaxuan also opened the marriage certificate and showed off the marriage certificate photos of the two of them. The handsome man and the beautiful woman are a perfect match. The two took photos together, showing a happy feeling, very like a couple. Zhao Jiaxuan is wearing a white shirt, with exquisite makeup on her face. Her facial features are very three-dimensional, full of pure charm, while her husband has short hair, is extremely lean, and is also very handsome.
In fact, as early as some time ago, just after the Chinese New Year, Qiuqiu revealed the news of getting married during a live broadcast, and said that she would not hold a wedding, and that she and her husband would travel to get married after receiving the certificate. The reason was because her father was too old and did not want his father to work too hard. In addition, traveling to get married can not only have an unforgettable experience, but also have a better experience than getting married and having a banquet.
Finally, I wish the newlyweds a lasting relationship and a happy married life. I also wish them both good luck and a son.
Introduction: There are significant differences in Bitcoin price forecasts in 2026: institutions such as Standard Chartered have lowered it to US$150,000, while Ripple CEO and others are bullish to US$180,000-200,000. Technical analysis shows that it is currently in a consolidation stage, with a support level of about US$87,000. The real market is affected by macroeconomics and liquidity. Although the forecast is optimistic, we need to be wary of geopolitical and regulatory risks, and the actual trend may deviate from expectations.
Bitcoin 2026 Outlook Divided: Institutions Target Mild, Around $150,000; While Bearish Charts Warn of Sharp Drops.
Looking ahead to 2026, Bitcoin predictions conflict with historical chart patterns as well as changing market realities as traditional finance plays an increasing role in the cryptocurrency space.
Expert Outlook for Bitcoin Price in 2026
The halving cycle after 2024 brought significant gains earlier this year; however, consolidation and volatility in late 2025 led to a correction amid macroeconomic uncertainty and fluctuations in ETF capital flows.
Bitcoin prices fell 47% from an all-time high of $126,000 in October to $80,500 in November.
Bitcoin price retreats from all-time highs. Source: Glassnode
Analysts are generally optimistic about 2026, although their forecasts have cooled compared with the previous enthusiasm.
Standard Chartered Bank has lowered its 2026 Bitcoin price target from $300,000 to $150,000, after calling for lofty targets in 2024 and early 2025 and citing a slowdown in institutional buying through ETFs.
Bernstein analysts also predict that the price of Bitcoin will reach $150,000 by the end of 2026, and its price is expected to reach $200,000 by the end of 2027.
Although the recent downturn prompted them to withdraw their previous predictions that Bitcoin prices would reach a peak of $200,000 this year, they still maintain that Bitcoin has broken out of its historical four-year cyclical pattern, indicating that Bitcoin will embark on a more sustained growth trajectory.
Strategy Executive Chairman Michael Saylor predicts that Bitcoin will reach $150,000 by 2026, noting that the cryptocurrency’s volatility has “substantially reduced” despite the recent price correction, contrary to the outlook of many crypto analysts.
Institutions like Fundstrat take a more optimistic view, believing that Bitcoin prices are expected to reach $200,000 to $250,000, while conservative estimates hover around $110,000 to $135,000.
Polymarket predicts that there is a 41% chance that Bitcoin will rise above $130,000 before the end of 2026, and a 25% chance of hitting $150,000.
According to current odds, there is a 79% chance that the Bitcoin price will regain $100,000, and an 80% chance of falling to $75,000 in 2026.
Bitcoin price target by December 31, 2026. Source:Polymarket
Overall, the market consensus is tilted to the upside, a trend underpinned by structural changes rather than traditional boom-and-bust cycles.
Bitcoin price technicals contradict bullish predictions
Past halving patterns suggest that Bitcoin prices will peak in the following 12 to 18 months as the impact of reduced issuance begins to be felt - something that is gradually being reflected in the charts.
Analyst and trader Rekt Capital noted that the current cycle is more than 93% complete and the market is expected to peak in the fourth quarter of 2025.
Bitcoin halving cycle progress. Source: Rekt Capital
Other technical indicators also reflect the bearish trend, suggesting that Bitcoin’s four-year cycle remains intact and that BTC may extend its decline into 2026.
The weekly chart for Bitcoin shows that the SuperTrend indicator has issued a bearish signal, with its “sell” signal confirmed by BTC falling below the 50-week moving average (MA) (see chart below), a situation that historically signals the end of a bull market.
Bitcoin/USD weekly chart. Source: Cointelegraph/TradingView
A few days later, the moving average convergence divergence indicator (MACD) showed a bearish crossover, further reinforcing this trend.
The above chart shows that previous confirmation signals from these three indicators triggered 84% and 77% retracements in the bear markets of 2018 and 2022, respectively.
Benjamin Cowin, founder and CEO of Intocryptoverse, said that the BTC/USD pair is likely to rebound to the 200-day moving average currently located at $108,000, before resuming the downward trend, possibly bottoming near the 200-week moving average around $60,000 to $70,000 in 2026.
“All previous cyclical bear markets were confirmed with macro low highs at the 200-day moving average.”
BTC/USD daily chart. Source: Benjamin Cowen
As Cointelegraph reported, Bitcoin’s 200-day moving average turned bearish in November when a “death cross” occurred, in which it fell below the shorter-term 50-day moving average, signaling that 2026 would be a bearish year.
The above is the details of Bitcoin (BTC) price in 2026: comparison of predictions with charts and reality. For more information on Bitcoin price trend analysis in 2026, please pay attention to other related articles of Script House!
This site reminds: Investment is risky, so you must be cautious when entering the market. This content is not intended as investment and financial management advice.
On March 17, 2026, Buick’s first pure electric MPV, the Zhijing Shijia pure electric version, was officially launched. Only a luxury version was launched, with an official guide price of 489,900 yuan.
At this point, Buick has completed the brand's flagship dual-power layout of plug-in hybrid + pure electric, and Buick has become the only MPV brand in the industry that covers all energy modes of fuel, plug-in hybrid, and pure electric.
It is reported that the new car is positioned as a "villa-level new energy flagship MPV" with safety as its core background. Among them, the new car is equipped with 3.6 billion kilometers of 0-spontaneous ignition batteries. The 9-vertical and 5-lateral protective structure is equipped with the first liquid cooling technology. It has been verified for more than 40,000 hours that thermal runaway will not cause fire under extreme working conditions. The electromagnetic radiation in the car is far lower than the national standard. The passive safety is built in accordance with the North American five-star anti-rollover standard. High-strength steel accounts for 78%. It has passed strict extreme inspections and achieved equal safety in the three rows.
In terms of core performance, the new car is the world's first MPV with 900V 6C ultra-fast charging, with a peak charging power of 640KW and 10%-80% recharging in just 11.5 minutes. The 96kWh battery is matched with a 601km CLTC range, taking into account energy replenishment efficiency and travel needs. It is also equipped with the Xiaoyao Zhixing system based on the Momenta R6 large model, achieving NOA in cities without high-precision maps, ranking first in the industry in assisted driving. It also has 0.258Cd ultra-low wind resistance and the first matte gray double-block high-definition paint.
Buick has been deeply involved in the MPV market for 27 years. Since its launch in 1999, GL8 has defined China's high-end MPV market. It has gained the trust of more than 2 million users and won the Grand Slam in four core dimensions, including sales volume and ownership.
Under the wave of new energy, Buick MPV topped the annual sales championship in 2025, with new energy models accounting for more than 50%; Zhijing Shijia continued to top the sales list of luxury MPVs with more than 400,000 yuan after its launch, and combined with Century, it captured 60% of the market share in its segment.
From defining industry standards with GL8 to all-energy layout, Buick has always focused on user needs. The launch of the pure electric version of Zhijing Shijia is not only a milestone in the new energy layout of Buick MPV, but also redefines the value of the pure electric flagship MPV with its comprehensive advantages in safety, technology and services, and continues to lead the development of the luxury MPV market.
Recently, Taiwan's well-known female artist Yi Nengjing posted videos of her daily life on social platforms. She also shared her beauty secrets and maintenance manuals, and even openly admitted that she had undergone medical beauty treatments. This attracted countless netizens to watch and discuss her.
This time, Yi Nengjing also patiently explained her skin care process and some beauty secrets to the beauty-loving netizens. In the video, Yi Nengjing is seen sitting quietly in a mansion in Shanghai. The retro decoration is full of elegance. She is also very homely and looks like she has just taken a shower. Her hair is still wet and she is wearing pink pajamas. She appears without makeup and is very beautiful. This is also the most real version of her, standing in front of a huge floor-to-ceiling window, showing off her beauty.
In the video, Yi Nengjing also took netizens to visit her dressing room. A super-tall multi-layered cabinet was half full of skin care products and cosmetics, many of which were samples she tried out. There were all kinds of brands, very rich, and of course she kept them neatly.
Immediately afterwards, Yi Nengjing came to the bathroom again. The sink was also filled with many skin care products. She introduced them happily, but this was really not suitable for ordinary people. After all, it cost too much money, and even some big brand skin care products cost tens of thousands of yuan.
In addition, Yi Nengjing also said that she can maintain such a good condition at the age of 54, not only by skin care products, but also by some medical beauty methods. For example, she has done photoelectric, water and other medical beauty methods before to help her better skin care.
It can be seen from this that it is no wonder that celebrities still take care of themselves like girls despite their age. These are not suitable for ordinary people. After all, whether it is medical beauty or skin care products, the prices they require are not affordable by ordinary people. However, the money spent on skin care has indeed allowed Yi Nengjing to achieve the effect of freezing her age. I still look forward to her sharing some civilian version of skin care tutorials!
"Shanghai, as the forefront of China's reform and opening up and an international metropolis that is deeply connected to the world, is taking the construction of the 'Five Centers' as a guide and making every effort to create a new highland for high-level opening up. The vast number of compatriots from Hong Kong, Macao and Taiwan, as well as overseas Chinese at home and abroad, are a unique and valuable resource for the improvement of Shanghai's urban energy level, an important bridge link between China and the world, and an indispensable advantage in promoting high-quality development and expanding high-level opening up."
Recently, during the 2026 Shanghai Global Investment Promotion Conference and "Invest in Shanghai" event week, the "Gathering in Shanghai to Create the Future" cooperation and exchange meeting between Hong Kong, Macao, Taiwan and overseas Chinese enterprises and Shanghai enterprises was successfully held. Wang Xiaohan, vice president of the Shanghai Overseas Friendship Association and director of the Municipal Overseas Chinese Affairs Office, made the above statement in his speech.
"Shanghai has new changes and new surprises every day, and is full of vitality and profound vitality." Pu Yapeng, deputy director of the Shanghai Municipal Economic and Information Commission, introduced at the exchange meeting that Shanghai's GDP will exceed 5.6 trillion yuan in 2025, ranking first among Chinese cities and fifth in the world. As China's largest economic center city, Shanghai has outstanding advantages in opening up to the outside world. From the development and opening of Pudong, to the Shanghai Free Trade Zone, Lingang New Area, Hongqiao International Open Hub, and then to the Oriental Hub International Business Cooperation Zone, Shanghai has always been at the forefront of China's reform and opening up, and has continued to deepen reform and continuously expand new market space.
From government-level policy empowerment and resource aggregation to a complete and mature industrial ecology and a world-class business environment, Shanghai is leveraging its multiple unique advantages to continue to attract compatriots from Hong Kong, Macao and Taiwan to invest, develop, and share opportunities.
Empower
Currently, Shanghai has achieved multiple breakthroughs in its opening-up measures. Pu Yapeng introduced that Shanghai has completely abolished foreign investment access restrictions in the manufacturing sector, effectively breaking through the barriers for foreign-invested enterprises to carry out value-added telecommunications, cell and gene therapy and other businesses, and successfully opening up new business channels such as bonded remanufacturing and bonded maintenance, creating a more open and convenient development environment for various market entities. As a new highland for global resource allocation, Shanghai's total foreign trade volume exceeds 1.6 trillion US dollars, ranking first in the world's ports, and its container throughput ranks first in the world for 16 consecutive years, providing solid support for enterprises to participate in global trade.
Overlooking the Shanghai Yangshan Port Phase IV unmanned terminal from the control tower. Xinhua News Agency data map
At the same time, Shanghai is also the first choice for multinational companies to invest. Pu Yapeng introduced that the cumulative actual use of foreign capital in Shanghai exceeds 380 billion US dollars, accounting for one-tenth of the country's total. It has gathered more than 1,000 regional headquarters of multinational companies, 600 foreign-funded R&D centers, and more than 80,000 foreign-funded enterprises are flourishing in Shanghai, forming a good ecology of high concentration and coordinated development of foreign-funded enterprises.
"Shanghai is also a city of science and technology that is full of innovation and vitality, with significant advantages in scientific and technological innovation, and the gathering of innovative entities is accelerating." Pu Yapeng said that the R&D investment intensity of Shanghai's entire society has reached 4.5%, ranking fifth in the world's "Best Science and Technology Clusters" for two consecutive years. In key areas such as life sciences, energy technology, ocean engineering, artificial intelligence, and photonic science, Shanghai has laid out and built a number of national important tools and major scientific and technological infrastructure to provide strong ecological support for scientific and technological innovation and industrial innovation.
Facing the future, Shanghai will continue to safeguard the development of enterprises from Hong Kong, Macao and Taiwan with its long-term policy planning and institutional innovation. At the exchange meeting, Hong Leong Galaxy Co., Ltd. of Singapore injected RMB 500 million into the Shanghai Science and Technology Innovation Center Equity Investment Fund to support technology research and development and industrial implementation of Shanghai science and technology innovation enterprises. This capital injection has set a precedent for foreign investors to set up QFLP funds in their own names to participate in the construction of Shanghai Science and Technology Innovation Center, and has become a landmark case of foreign investment in Shanghai's science and technology innovation field.
As the first QFLP fund pilot city in the country, Shanghai has formed a mature policy system and efficient approval process. Yang Bin, President of Shanghai Science and Technology Innovation Fund, introduced at the scene that the cooperation between Shanghai Science and Technology Innovation Fund and Hong Leong Galaxy of Singapore only took 76 days from the determination of intention to the fund registration, and the approval process only took 12 working days, making it a demonstration sample for overseas capital to conveniently participate in Shanghai Science and Technology Innovation investment.
"China's science and technology innovation is shifting from model innovation to hard technology innovation. Investing in Shanghai's science and technology innovation is investing in the forefront of China's innovation." Yang Bin, president of Shanghai Science and Technology Innovation Fund, said that Shanghai ranks at the forefront of the country in terms of policy maturity, efficiency of the approval process, and facilitation of cross-border capital flows, providing the best institutional guarantee for foreign capital to participate in science and technology innovation investment. At the same time, Shanghai gathers top scientific research institutes and high-end talents, has a complete industrial chain and rich application scenarios, and is a high-quality soil for the transformation of scientific and technological achievements and the development and growth of enterprises.
Deep cultivation
With policy empowerment and ecological support, many Hong Kong, Macao and Taiwanese enterprises have been deeply involved in Shanghai for many years, resonating and growing together with the city. They have become participants and promoters of Shanghai's high-quality development, and have also achieved leapfrog development in global layout with Shanghai's all-round empowerment.
Xie Chengrun, CEO of China National Biopharmaceuticals and Chairman of Chia Tai Tianqing Pharmaceutical Group, shared at the meeting that as a global investment partner of Shanghai and a world-class biopharmaceutical industry cluster partner, China Biopharmaceuticals has invested 1.8 billion yuan to build a global R&D headquarters in the Minhang South Hongqiao section of Shanghai, which will be officially opened in June 2026. At the same time, the Pudong Pharmaceuticals headquarters is also under planning and construction, forming a "dual-zone synergy" development pattern.
"Shanghai's biopharmaceutical full-chain innovation policies, innovative drug green channels, and top medical research resources have strengthened companies' determination to deploy in Shanghai." Xie Chengrun said that Shanghai is an important gathering place for international innovation resources and high-end talents, and is also the core base for China's biopharmaceuticals to promote innovative research and development and achieve industrial upgrading.
In terms of industrial ecological construction, Shanghai is accelerating the construction of a "2+3+6+6" modern industrial system with advanced manufacturing as the core, including accelerating the development of the three leading industries of integrated circuits, biomedicine, and artificial intelligence.
Pu Yapeng introduced at the exchange meeting that the scale of Shanghai's biopharmaceutical industry exceeds 140 billion US dollars, the manufacturing output value exceeds 29 billion US dollars, and there are more than 2,000 regulated biopharmaceutical companies. Eighteen of the top 20 global pharmaceutical companies and 19 of the top 20 global medical device companies have their Chinese regional R&D or production headquarters in Shanghai, leading the world in industrial agglomeration.
Looking forward to the future layout in Shanghai, Xie Chengrun said that in 2024, the company's first innovative drug, Gsolexed Tablets, will be approved for marketing in Shanghai; in 2026, 13 blockbuster innovative drugs at different stages will be transferred to Shanghai for research and development. Relying on Shanghai's open platform advantages, the company has reached in-depth cooperation with international pharmaceutical companies such as Boehringer Ingelheim, Merck, and Sanofi. In 2026, relevant products will be launched and commercially cooperated in more than 50 international markets, moving towards a new level of global development.
Shanghai has also become an important automobile production base in China and even the world. Pu Yapeng said that the city has 9 complete vehicle companies and more than 600 core component companies. It is the city with the highest output of new energy vehicles and the most complete industrial chain in China. The Toyota Lexus pure electric vehicle project has landed in Shanghai, which fully demonstrates the high recognition of foreign-funded enterprises in Shanghai's automobile industry ecology.
Pu Yapeng took Tesla's Shanghai Gigafactory as an example. The project has achieved the Shanghai speed of "starting construction, completing construction, putting into production, and delivering within the same year." The local supply rate of parts within a 4-hour drive around the factory exceeds 95%. The highly collaborative and highly concentrated industrial ecology has the world's top competitiveness. Behind this is the strong support of Shanghai's efficient and pragmatic government services and first-class business environment.
Tesla Shanghai Gigafactory. Visual China data map
In terms of optimizing the business environment, Shanghai has implemented more than 1,200 reform measures since 2018. Key enterprise services have covered more than 30,000 companies, and a total of 26,000 companies have been helped to solve various development needs, effectively allowing companies to operate with peace of mind and develop steadily in Shanghai.
Taiwan-funded enterprise USI also regards Shanghai as the core fulcrum of global development. Chen Changyi, director of ASE Investment Holdings and chairman of USI Electronics, introduced that USI Electronics was established in 2003 and is headquartered in Pudong, Shanghai. The company's global revenue will reach 60 billion yuan in 2025, nearly half of which will come from Shanghai. Currently, the company's flagship manufacturing base in Zhangjiang is making every effort to promote the construction of smart factories and continue to set new standards for smart manufacturing efficiency.
"The key to Shanghai becoming the core of the company's global layout lies in its complete industrial chain system, highly concentrated R&D talents, and stable and predictable business environment." Chen Changyi said that the industrial collaborative ecology formed between Shanghai and the Yangtze River Delta region provides full-chain support for high-end manufacturing; the company's R&D team of nearly a thousand engineers in Shanghai has become the core force of technological innovation; and the long-term and stable policy environment allows companies to continue to increase investment in R&D.
Talent is the core driving force for innovation and development, and Shanghai is continuing to provide a steady stream of key talents and platforms for the growth of cutting-edge industries. According to Pu Yapeng, currently, Shanghai’s higher education population is close to 10 million, more than 300,000 talents who have returned from overseas studies have started their own business and developed in Shanghai, and there are more than 180 academicians in the two academies of science and technology in Shanghai. 70% of the country’s civil aviation talents, 50% of 5G talents, 40% of integrated circuit talents and 33% of artificial intelligence talents are gathered in Shanghai. 69 universities and 120 national-level R&D institutions form a strong innovation matrix.
Chen Changyi also pointed out that the high-end manufacturing industry has the characteristics of high investment and long cycle, and relies more on long-term and stable manufacturing environment and institutional guarantees. The steady growth of enterprises in the city will also drive the upgrading of the entire industrial chain. If the leading enterprises are stable, the supply chain will be stable. "Our investment in Shanghai is not just an investment in a market, but also an investment in a future-oriented manufacturing standard."
As a Taiwanese businessman who has lived in Shanghai for 26 years, Chen Changyi said frankly that Shanghai's urban order, administrative efficiency, and mature and complete education and medical facilities have given enterprises and individuals a deep trust in this city. Enterprises not only deploy their core capabilities in Shanghai, but also make Shanghai their "home".
At the new starting point of the "15th Five-Year Plan", opening up on both sides of the Pujiang River is booming. The global capital, advanced technology and international vision brought by enterprises from Hong Kong, Macao and Taiwan have injected continuous vitality into Shanghai's high-quality development. With its open and inclusive urban spirit, pragmatic and efficient government services, and complete and mature industrial system, Shanghai continues to become the preferred place for investment and business development by enterprises from Hong Kong, Macao and Taiwan.
The "lobster" AI application that has exploded across the Internet recently has become the focus of Tencent CEO Ma Huateng.
"After the 'lobster' type application was launched at the beginning of this year, the industry quickly realized that in addition to the two major directions of ToC-side chat robots and ToB-side AI programming, AI has opened up a new office scene track. When the office scene is deeply integrated with various terminal hardware, a new decentralized entrance will be created, and the corresponding AI use demand will be generated for ordinary consumers and office groups at the same time." On March 18, at the performance exchange meeting after the release of the annual report, Ma Huateng said.
In Ma Huateng's view, "lobster" applications do not require users to stay in front of the screen waiting for feedback results. At the same time, they have continuous memory capabilities and distinctive personalized features. They are more like a real assistant and have a vivid "feeling of a living person". The new AI implementation scenarios opened up by "Lobster" have also opened up more business fronts for Tencent to explore.
On March 18, Tencent Holdings (0700.HK) officially released its fourth quarter and full-year performance report for 2025. Data show that in the fourth quarter of 2025, Tencent achieved revenue of 194.37 billion yuan, a year-on-year increase of 13%; adjusted operating profit was 69.52 billion yuan, a year-on-year increase of 17%. From a full-year perspective, Tencent's total revenue in 2025 will reach 751.77 billion yuan, a year-on-year increase of 14%; adjusted net profit will be 259.626 billion yuan, a year-on-year increase of 17%.
This year, the core focus of the industry is almost entirely in the field of AI. Regarding the layout and planning of this track, Ma Huateng and Tencent executives gave detailed responses at the performance meeting.
What has the "lobster" craze brought to Tencent?
Ma Huateng said that in the past, most of the core entrances to AI applications were chatbots, and many underlying capabilities could not be fully released. However, after new scenarios emerge, Tencent can reintegrate the PC-side product matrix and Tencent Cloud's various capabilities to give full play to its own product matrix and ecological advantages. At the same time, "lobster" applications also provide new ideas for the WeChat AI functions that Tencent is planning and developing. In the future, every small program can be intelligent and "lobster-like" transformed, and can be called through API interfaces or command lines.
The previously launched Yuanbaopai product also allowed Tencent to see that there is still room for improvement in the context understanding efficiency of current agents in processing complex tasks, especially in multi-person scenarios. It needs to complement the file system, local database and memory parameter capabilities of "lobster" applications. Tencent's technical team will also fully absorb new technologies and achievements in the industry and continue to optimize products.
Talking about the relationship between the decentralized nature of "lobster" applications and the centralized nature of WeChat itself, Ma Huateng said frankly that WeChat itself is a centralized App, but its internal ecosystem is completely decentralized and currently accommodates hundreds of thousands of active mini program merchants. How to integrate the decentralized concept of "lobster" applications into the WeChat ecosystem in the future is a proposition that the team needs to focus on.
"All ecological service providers are worried about being 'short-circuited' and 'channelized' by AI agents - if the agents only call the underlying atomized services and no longer guide users to enter merchants' stores and mini-programs, service providers will inevitably be unable to accept such a model. They would rather retain their own traffic and entrances. Therefore, we must fully consider this core appeal when doing ecological design." Ma Huateng made it clear that the layout of centralization and decentralization needs to be promoted simultaneously in the future.
Tencent President Liu Chiping also disclosed at the meeting that Tencent has formulated a clear AI strategic plan and will implement a number of key actions in the next two to three quarters, and will also release quantifiable business progress in the future. At the large model level, Tencent has completed intensive team adjustments and upgrades in the past few months, reconstructing the organizational structure and work processes to make the organizational operation efficiency more suitable for the pace of AI R&D; at the same time, it has rebuilt the pre-training and reinforcement learning infrastructure to comprehensively improve data quality. Based on these layouts, Tencent is confident in creating large models with stronger intelligence in the future and further speeding up the overall iteration speed. In addition, Tencent will continue to deepen its efforts in the fields of video models and world models.
Liu Chiping said that the promotion effect of Yuanbao during the Spring Festival far exceeded expectations, and it achieved considerable new installations. Next, the team will improve user retention and activity through continuous product iteration, focusing on optimizing core capabilities such as voice dialogue. The current data has clearly shown that the upgrade of Yuanbao's capabilities will directly drive positive growth in user activity and retention rates. In addition to the existing functions of Yuanbao Pai, more differentiated features will be launched for Yuanbao in the future. In fact, WeChat has already implemented a number of AI-related layouts: search scenarios have been intelligently upgraded, AI technology has been deeply used in content recommendation and product recommendation, mini program developers can use AI tools to complete programming work, Yuanbao Dialogue Assistant has also accumulated a stable user group in WeChat, and many AI functions have completed preliminary testing in the WeChat ecosystem.
Liu Chiping made it clear that one of Tencent’s next core plans is to create an exclusive AI agent within WeChat. This agent will rely on the WeChat ecosystem to form a deep connection with users, opening up full-link capabilities such as mini programs, social networking, and payment. It can not only achieve natural dialogue with users, but also complete various complex scenario-based tasks.
AI investment will double in 2026
Liu Chiping revealed that Tencent will continue to increase investment in the AI field: Tencent's investment in the research and development of new AI products will reach 18 billion yuan in 2025, and this number will at least double in 2026.
The steady growth of Tencent's core business provides sufficient financial support for increased investment in AI. Liu Chiping said that due to the procurement gap of computing hardware such as GPUs in 2025, Tencent will make greater efforts in stock repurchases; in 2026, if the procurement of computing hardware can be successfully completed and capital expenditures meet the company's expectations, the scale of repurchases may be moderately reduced. Overall, the repurchase budget will maintain flexible room for adjustment. As long as there are sufficient resources to support the long-term development of the AI business, Tencent will prioritize investment, which will also create more considerable long-term returns for shareholders in the future.
Talking about the supply of chips and related hardware, Tencent executives said that in addition to GPUs, core hardware such as CPUs and storage are currently facing tight supply. Suppliers usually give priority to ensuring the supply of large-scale procurement partners. Tencent Cloud has previously signed multiple long-term procurement contracts. Leading cloud vendors have a greater probability of obtaining scarce hardware resources and further subletting them to customers. Because of this, domestic cloud service prices have continued to decline for a long time. It was not until the industry-wide supply shortage occurred that cloud service prices began to rise. If the supply chain tension continues, cloud service prices are likely to undergo further adjustments in the future.
It is worth noting that Tencent also revealed at the media communication meeting after the release of the financial report that the HY3.0 version of its Hunyuan large model is currently in the internal business testing stage and is planned to be officially released in April this year.
It is understood that HY3.0 is a major upgrade of Tencent's Hunyuan large model. Compared with the HY2.0 version, the overall effect has greatly improved, and the reasoning ability and agent capabilities have been significantly improved. Since the second half of 2025, Tencent Hunyuan team has completed a comprehensive reorganization of the team and R&D process, focusing on optimizing data quality, while rebuilding the core infrastructure of pre-training and reinforcement learning. These layouts will greatly improve the efficiency of model iteration and help create a base model with a higher level of intelligence.
In the future, AI will not be “one size fits all”
Talking about the fierce competition faced by Hunyuan, Tencent management said frankly that the future AI world will not be a one-size-fits-all monopoly, but a diversified world with multiple models and professional division of labor. Just as the evolution from PC Internet to mobile Internet has given rise to countless applications, the AI era will also move towards distributed and decentralized technology. Different models will have their own strengths in different areas such as code, long text, multi-modality, etc.
Under this pattern, Tencent's core advantage lies in its ability to reach users across PC, mobile, and cloud, as well as its in-depth coverage in diverse scenarios such as social networking, games, and content. The hybrid model will be closely integrated with decentralized ecosystems such as mini programs, allowing agents to have the ability to autonomously perform complex tasks, thereby providing unique value to users.
Tencent management said that with its strong ecosystem and application scenarios, Hunyuan can become one of the excellent models that users and enterprises can choose based on cost-effectiveness and performance needs.
On the day of the results release, topics related to Tencent employee salary also appeared on the hot search list.
Financial report data shows that as of December 31, 2025, Tencent's total number of global employees reached 115,849, compared with 110,558 employees at the end of 2024, with 5,291 new employees throughout the year. At the same time, the financial report disclosed that Tencent's total salary cost in 2025 will be 130.7 billion yuan, a year-on-year increase of 15.87%; based on this calculation, the per capita annual salary cost of Tencent employees in 2025 will be approximately 1.128 million yuan.
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