Tencent Reportedly Agrees Five-Year Lease for Oracle Data Centers in Southeast Asia
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Tencent has reportedly agreed to lease multiple Oracle data centers in Southeast Asia for five years, in a deal expected to be worth about US$7 billion. The arrangement is said to provide access to roughly 100,000 advanced AI chips unavailable to Tencent in China.
- Tencent is reportedly leasing multiple Oracle data centers in Southeast Asia for five years.
- The agreement is expected to be worth about US$7 billion, with roughly 30% reportedly payable upfront.
- The lease is said to provide access to around 100,000 advanced AI chips unavailable in China.
- The reported deal could indicate demand for offshore, bundled AI infrastructure from Chinese technology companies.
Tencent has reportedly agreed to a five-year lease of multiple Oracle data centers in Southeast Asia, according to S1, which cites the Financial Times and unnamed people familiar with the matter.
The agreement is expected to be worth about US$7 billion and is reported to include an upfront payment of approximately 30%. It would give Tencent access to around 100,000 advanced AI chips that are unavailable to the company in China. S1 describes the arrangement as Tencent’s largest overseas leasing deal to date.
For data-center operators, the reported transaction could signal potentially meaningful demand from Chinese technology companies for AI infrastructure leasing in Southeast Asia. The relevant commercial proposition extends beyond accelerators to contracted, ready-to-use capacity combining data-center facilities, power and access to advanced chips.
The source does not disclose the Oracle sites involved, their countries or cities, the type of AI chips, data-center power capacity, power-supply arrangements, or how the reported chips would be allocated among facilities. It also does not confirm legal closing, the start of capacity delivery, or actual chip utilisation.
If confirmed, the agreement would be a significant example of a Chinese AI company consuming data-center infrastructure across borders. It could point to demand for bundled offshore AI capacity—data-center space, power and advanced accelerators—rather than chips alone.
- TechNews 科技新報 / КитайскийПервоисточник →
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