Tencent

Tencent is one of China's two largest internet groups and a frontier-model developer through its Hunyuan line. Hunyuan Hy3, released on 6 July 2026 after an April preview, is a mixture-of-experts model reported at 295B total and 21B active parameters, aimed at autonomous agent tasks, and was wired into Tencent's Yuanbao assistant at launch alongside a cut to developer API pricing.