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| HSI1 | 24,642.51 | 0.00 | -- |
| HSCEI1 | 8,216.84 | 0.00 | -- |
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2026-09-25 10:06:55 TENCENT (00700.HK)'s WeChat "Xiaowei" has a unique positioning and is expected to become China's ultimate consumer AI agent, Citi said in a report. The broker believed that instead of launching a standalone application, TENCENT has natively integrated "Xiaowei" into WeChat, directly leveraging its massive monthly active user (MAU) base, proprietary social graph, and the already established and validated mini-program e-commerce ecosystem. Compared with Meta building third-party connectors, and domestic peers such as BABA-W (09988.HK) and ByteDance potentially facing greater API resistance under China's "walled garden" environment, WeChat's relatively neutral platform positioning and established vertical partnership network are expected to provide an unparalleled distribution and transaction moat, the broker opined. Similar to Meta's Muse, "Xiaowei" could unlock considerable long-term monetization opportunities through transaction commissions and advertising, as agentic commerce gains traction in China. Since June, TENCENT has been testing the "Xiaowei" agent functions with selected business partners. In the long run, it is expected to connect with a broader ecosystem of partners to autonomously execute more complex user workflows and transaction activities within WeChat. The broker reiterated its Buy rating on TENCENT with a TP of HKD765. ~ AASTOCKS Financial News Website: www.aastocks.com | |