Tencent plans to launch the Hy4 model in 2026 and intends to issue $5 billion in bonds

Tencent plans to launch the open-source model Hy4 in 2026 and initiate a $5 billion USD and offshore RMB bond issuance program, with USD bonds having maturities of 10 and 20 years, and offshore RMB bonds having maturities of 10 and 30 years. (Source: Bloomberg)