0852 GMT - Tencent's move to integrate DeepSeek on WeChat may boost its own large language model and cloud usage, DBS analysts write in a note. The move can also enhance B2B copilots and B2C products, with potential monetization over the next two to three years, they add. Tencent has more than 1.3 billion monthly active users on WeChat, and the large user base represents strong long-term growth potential for the company to ramp up the monetization of its video accounts and mini games, they say. The DeepSeek integration will help boost cloud usage for Tencent due to higher computing resources required by end-users, DBS says. The bank maintains a buy rating on Tencent's H shares and raises the target price to HK$609 from HK$495. Shares closed at HK$503.50. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 18, 2025 03:52 ET (08:52 GMT)
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