Today's price · per 1M tokens
Input
$0.417
per 1M tokens
Output
$1.25
per 1M tokens
Blended
$0.625
blended $/1M — 3:1 weighted input:output
Cached input
$0.021
5% of input — prompt caching
How this price is scoped: Tencent lists Hy4 in RMB on its TokenHub rate card at ¥6 in / ¥18 out / ¥0.3 cache-hit per 1M tokens, the same list as Hy4 preview, and the card says: from the notice's publication until 2026-12-31 23:59:59 Beijing time, Hy4 calls are billed at 50% of the list price. The USD above is that discounted rate as Tencent itself quotes it on the only endpoint serving the model ($0.417 / $1.2505 / $0.021, 50% off $0.834 / $2.501 / $0.042 — the same 7.197 CNY/USD Tencent uses for Hy4 preview). We publish the rate you pay today; it doubles to $0.834 / $2.501 / $0.042 on January 1 2027.
Price receipt
We read Tencent's own pricing page on and found Hy4 listed with a price on the same row — that read is where the number above comes from, recorded as a new model. The page prices it in CNY; the USD above is converted from that list at a dated FX rate — see the price note for the figures. We keep the page text we read; its content hash is 1b06a96360.
Overview
Tencent Hy4 — the official release of Tencent's Hy4 flagship, launched 2026-11-04 after Hy4 preview, which Tencent still sells alongside it at the same list price. Tencent's model list gives it image understanding on top of deep thinking, structured output, function calling and caching, with a 1M context window (960K maximum input, 64K maximum output); the endpoint Tencent operates reports 1,048,576 tokens, the figure published here. Priced at 50% of Tencent's list rate until December 31 2026 (Beijing time); the full ¥6/¥18 list rate ($0.834/$2.501) applies from January 1 2027.
Capabilities
struck through = not supportedSpecifications
- Provider
- Tencent
- Context window
- 1M tokens
- Modality
- text, image
- Parameters
- Proprietary
- Open source
- No — proprietary
- Released
- Status
- Current
- Last updated
- Tags
Availability verified: — listed on Tencent's own page