0622 GMT - Tencent is set to expedite AI monetization and e-commerce development in 2025, Daiwa analysts say in a research note after hosting a meeting with Tencent management. The Chinese tech giant could introduce both new customer-facing applications and AI features in its existing applications. Meanwhile, e-commerce could become a new priority for Tencent's popular WeChat platform after the recent rollout of a gifting function within the app, Daiwa says. After its HK$112 billion share buyback in 2024, Tencent plans to recycle capital from its investment portfolio into reinvestments and boosting shareholder return, the investment bank says. Daiwa maintains a buy call on Tencent and keeps its target unchanged at HK$550.00. Shares are 3.4% higher at HK$378.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 01:22 ET (06:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。