# Tencent Hy4 vs Tencent Cloud TokenHub

> Tencent Hy4 scores 64 (B) to Tencent Cloud TokenHub's 61.7 (C) for llm inference. Prices, MCP, x402, uptime and agent notes side by side.

- Canonical: https://www.anchorterminal.com/compare/hy4-vs-tencent-tokenhub
- Markdown: https://www.anchorterminal.com/compare/hy4-vs-tencent-tokenhub.md (~4,800 tokens)
- Site index for agents: https://www.anchorterminal.com/llms.txt (the key docs and every listing in one file, at most 16 MB, about 4 million tokens: https://www.anchorterminal.com/llms-full.txt)
- API: https://www.anchorterminal.com/api/v1/index.json
- MCP: https://www.anchorterminal.com/mcp (the whole catalogue as tools, no key)
- DNS: dig +short TXT <slug>.grade.anchorterminal.com (the grade as a DNS TXT record, for a sandbox with no HTTP where names still resolve; also top., best.<category>. and <a>.vs.<b>. under the zone, and the same under grade.letme.dev)
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)
- Updated: 2026-11-13

Tencent Hy4 scores 64 (B) on agent readiness against Tencent Cloud TokenHub's 61.7 (C), and leads in 1 of 7 scored categories. Tencent Cloud TokenHub leads on payments & pricing. Both do llm inference.

- Tencent Hy4: grade B, 64/100, rank #595 of 1524. Markdown https://www.anchorterminal.com/tools/hy4.md · JSON https://www.anchorterminal.com/api/v1/tools/hy4.json
- Tencent Cloud TokenHub: grade C, 61.7/100, rank #699 of 1524. Markdown https://www.anchorterminal.com/tools/tencent-tokenhub.md · JSON https://www.anchorterminal.com/api/v1/tools/tencent-tokenhub.json
- Best model APIs and inference for AI agents: https://www.anchorterminal.com/best/inference/index.md
- All 1044 models comparisons: https://www.anchorterminal.com/compare/inference/index.md

## Which one, for what

### Tencent Hy4 (B)

Good for: Long-context agent work, coding and office or finance tasks on a 1M-token context with images, for teams already on Tencent Cloud or happy to verify an account there.

Also in its favour:
- No incidents deducted, where Tencent Cloud TokenHub loses 3 points for them

Watch for: Weights, licence and system card are promised but not published; tencent/Hy4 didn't answer on Hugging Face on 11 November

### Tencent Cloud TokenHub (C)

Good for: Teams in or near Tencent Cloud that want one key and bill for Tencent's Hy models and Chinese open-weight models (DeepSeek, Kimi, GLM, MiniMax, Qwen, MiMo) with per-key limits and CNY billing.

Ahead on:
- Payments & pricing, 53 against 45

Also in its favour:
- A hosted endpoint, with nothing to install

Watch for: Sign-up needs a Tencent Cloud account with real-name verification. The international site answered with a bot check, so access from outside China was not established


## Why the edge

### Payments & pricing: Tencent Cloud TokenHub +8

- Tencent Hy4 (45): Model reading for hy4 on Tencent Cloud TokenHub. Platform facts are the tencent-tokenhub listing's (checked 1 November), carried over as RULES.md allows for a model on an already graded platform. No machine payment protocol (0). The price page, updated 9 November, lists ¥6 input, ¥0.3 cached and ¥18 output per million tokens, with Hy4 billed at 50% until 31 December 2026 (20). TokenHub's campaign of 1M free tokens per language model, read on 1 November, isn't confirmed for hy4 on the price page, so half (10 of 20, a judgement call). A person signs up with real-name verification (0). 0 + 20 + 10 + 0 = 30. Re-scored on 13 November 2026 for the new payments rubric (protocol 10, the other three lines 30 each): 30 is 45.
- Tencent Cloud TokenHub (53): No x402, MPP or L402 (0). Per-token prices for every model are public in CNY for Guangzhou and Singapore, with DeepSeek's peak and off-peak rates (20). Each account gets 1M free tokens per language model, valid for a year, in a campaign running to 31 December 2026. No card is mentioned, but the account needs real-name verification, so this line takes 15 of 20. A person signs up and completes real-name verification in a browser. Keys can then be created in code or by `thcli auth login`, but only from that account (0). Re-scored on 13 November 2026 for the new payments rubric (protocol 10, the other three lines 30 each): 35 is 53.

## Score by category

| Category | Weight | Tencent Hy4 | Tencent Cloud TokenHub | Edge |
| --- | --- | --- | --- | --- |
| Reliability | 16% (20 this run) | 46 | 46 | even |
| Performance | 10%, pending | pending | pending | not scored in this run |
| Schema & documentation | 13% (16.2 this run) | 73 | 73 | even |
| Agent ergonomics | 13% (16.2 this run) | 86 | 83 | Tencent Hy4 +3 |
| Security & auth | 14% (17.5 this run) | 71 | 71 | even |
| Payments & pricing | 10% (12.5 this run) | 45 | 53 | Tencent Cloud TokenHub +8 |
| Task success | 10%, pending | pending | pending | not scored in this run |
| Maintenance & community | 7% (8.8 this run) | 73 | 73 | even |
| Transparency & trust | 7% (8.8 this run) | 52 | 54 | Tencent Cloud TokenHub +2 |
| Negative events | ≤15 | 0 | -3 | |
| **Total** | | **64 · B** | **61.7 · C** | |

## Facts side by side

| Fact | Tencent Hy4 | Tencent Cloud TokenHub |
| --- | --- | --- |
| Kind | Model API | Model router |
| Vendor | Tencent (Hy team) | Tencent Cloud |
| Hosted endpoint | no (local only) | `https://tokenhub.tencentmaas.com/v1` |
| Transports | HTTP | HTTP |
| Auth | API key | API key |
| Pricing | Pay per use | Pay per use |
| x402 | no | no |
| Licence | Hosted model under the Tencent Cloud TokenHub terms. Tencent says weights and a system card will follow; no licence is stated yet | Proprietary service under the TokenHub Terms of Service, the TokenHub SLA and the Tencent Cloud Service Agreement, with a special note for third-party deployed models. The `tencent-tokenhub-cli` package is Apache-2.0 |
| Read-only variant documented | no | no |
| llms.txt | yes | yes |
| Last release | 2026-11-04 | 2026-10-24 |
| Terms last updated | couldn't be read | couldn't be read |
| Privacy policy last updated | couldn't be read | couldn't be read |
| Customer content may train models | couldn't be read | couldn't be read |
| Terms restrict automated access | couldn't be read | couldn't be read |
| Terms restrict benchmarking | couldn't be read | couldn't be read |
| Terms or service can change without notice | couldn't be read | couldn't be read |
| Arbitration or class-action waiver | couldn't be read | couldn't be read |
| Popularity | none | 204 npm/wk |

## How the scores have moved

### Tencent Hy4

- +1.8 on 13 November 2026: checklist

### Tencent Cloud TokenHub

- +2.2 on 13 November 2026: checklist

## Verdicts

**Tencent Hy4.** Tencent's flagship model is on TokenHub as hy4, with a 1M-token context, image understanding, function calling and caching, at ¥6 input and ¥18 output per million tokens, half price until the end of 2026. The weights it is called open source for aren't published yet, and every benchmark is Tencent's own.

**Tencent Cloud TokenHub.** Keys can be limited to chosen models, source IPs and token quotas, errors name their source and code, and a 99.5% SLA covers paid use of models Tencent runs. Sign-up needs a Tencent Cloud account with real-name verification, prices are in CNY, no public status page was found, and 18 model retirement notices ran from April to October 2026.

## Before you call either

### Tencent Hy4

1. Use model id hy4 on TokenHub's OpenAI- or Anthropic-compatible endpoints; hy4-preview is a separate, older model
2. Keep input under 960K tokens and expect at most 64K output
3. Reuse prompt prefixes: cached input is ¥0.3 against ¥6
4. Check the price page for the end of the 50% discount on 31 December 2026 before budgeting
5. Read rate limits from the console or DescribeModelQuota; the public docs don't give them for chat models

### Tencent Cloud TokenHub

1. Use `https://tokenhub.tencentmaas.com/v1` with keys made for Guangzhou and `https://tokenhub-intl.tencentmaas.com/v1` with keys made for Singapore. Keys do not work across the two
2. Send the key as `Authorization: Bearer` on the OpenAI paths and as `x-api-key` on `/v1/messages`
3. Parse `error.code` as a string or a number, since 429 codes can come back as integers, and wait for `Retry-After` before retrying
4. Take model ids from `GET /v1/models` and watch for `pre-offline`. The quickstart's `deepseek-v3` example is not in the current model list
5. Expect DeepSeek prices to double on weekdays from 9am to noon and 2pm to 6pm Beijing time, when the peak rate applies

## Questions

### Which is better for AI agents, Tencent Hy4 or Tencent Cloud TokenHub?

Tencent Hy4 scores 64 (B) on agent readiness against Tencent Cloud TokenHub's 61.7 (C), and leads in 1 of 7 scored categories. Tencent Cloud TokenHub leads on payments & pricing.

### Do Tencent Hy4 and Tencent Cloud TokenHub need an API key?

Both need an API key.

### Can an agent call Tencent Hy4 and Tencent Cloud TokenHub without installing anything?

No hosted endpoint is listed for Tencent Hy4. Tencent Cloud TokenHub has a hosted endpoint at https://tokenhub.tencentmaas.com/v1.


## For agents

- This comparison as JSON: https://www.anchorterminal.com/compare/hy4-vs-tencent-tokenhub.json, and with the fewest tokens: https://www.anchorterminal.com/compare/hy4-vs-tencent-tokenhub.min.md
- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {"a": "hy4", "b": "tencent-tokenhub"}`. From a terminal: `anchor compare hy4 tencent-tokenhub`
- Each listing in full: https://www.anchorterminal.com/api/v1/tools/hy4.json and https://www.anchorterminal.com/api/v1/tools/tencent-tokenhub.json

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