Intense blue and red upconversion emissions have been observed in Yb3+/Tm3+ co-doped 0.05K2O-0. 1ZnO0.1BaO-0.2PbO-0.2GeO2-0.35TeO2 glasses under the pump of 976-nm laser diode. The dependence of the intensity of the upconversion emissions on the Tm3+ concentration has been studied in order to determine the ion concentration and the involved mechanism. The blue emission centred at 476nm decreases and the 792-nm red emission increases with the increasing Tm3+ concentration. Subsequently, the dependence of upconversion emission intensity on the excitation power is investigated. It is found that the intensity ratio between the 792-nm red and 476-nm blue emissions decreases with the increasing pump energy.