The embodiment of the invention discloses a dynamic image playing method, which comprises the following steps: obtaining first image data in a dynamic image, the dynamic image comprising a plurality of frames of images; decoding the first image data to obtain a first image, the first image data satisfying a data frame playing condition; playing a first image in the dynamic image; obtaining the next image data in the dynamic image, decoding the next image data to obtain a decoded next image, and enabling the next image data to meet a data frame playing condition; and playing the next image in the dynamic image. The embodiment of the invention further provides terminal equipment. According to the embodiment of the invention, the GIF moving picture can be segmented into a plurality of small data blocks for downloading and decoding; the effect of downloading and playing at the same time is achieved, the original waiting time is shortened from downloading of a complete file to waiting for downloading of only one frame of image, and therefore the time consumption of the process is greatly shortened, and the user experience is improved.