[Tencent President Martin Lau: Capital expenditure will be further increased in 2025, accounting for a low double-digit percentage of revenue] At the press conference on Tencent's fourth quarter and full-year results for 2024, Tencent President Martin Lau said that as Tencent's execution and decision-making speed accelerated, Tencent's capital expenditure exceeded 76.7 billion yuan last year, a year-on-year increase of 221%, equivalent to about 12% of revenue. "The increase in capital expenditure in the fourth quarter was very significant because we purchased more GPUs in this quarter to meet inference needs. We plan to further increase capital expenditure in 2025 and expect capital expenditure to account for a low double-digit percentage of revenue."
