HK Stock Market Move | TENCENT (00700) fell more than 4%, Tencent Cloud lowered the price of the DeepSeek-V4 series models with the highest reduction reaching 97.5%.

TENCENT (00700) fell more than 4%, after rising more than 10% in the previous trading day. As of the time of writing, it is down 3.45% at 465 Hong Kong dollars, with a trading volume of 11 billion Hong Kong dollars. On the news front, on June 2, Tencent Cloud announced that in order to continue reducing user costs, its intelligent body development platform will significantly reduce the prices of DeepSeek-V4 series models starting from 00:00 on June 3, 2026 Beijing time, with the highest price reduction reaching 97.5%. Tencent Cloud emphasized that this adjustment only involves price changes, and the model service capabilities will remain unchanged. Specifically, this price reduction covers two main models of the DeepSeek-V4 series. The flagship version DeepSeek-V4-Pro has a price reduction of 75% for inference input and output, while the price reduction for cache hits is as high as 97.5%; the economic version DeepSeek-V4-Flash model also has a cache hit price reduction of up to 90%.