Tencent's planned roughly $5 billion bond offering would reportedly help fund AI spending

Bloomberg reports, citing people familiar with the matter, that Tencent told fixed-income investors its planned bond offering of about $5 billion would help finance AI-related capital expenditures. The people said Tencent could price the deal as early as October 13. They described $1.5 billion to $2 billion in dollar tranches and 20 billion to 25 billion yuan in offshore yuan notes.