0239 GMT - Tencent's swift integration of DeepSeek's model could translate into a stronger ecosystem in the AI era with more monetization opportunities in areas like enterprise solution and search ads, Citi analysts say in a note. Tencent's recent integration of DeepSeek with Weixin could amplify many functionalities within the app, possibly transitioning Weixin into an "AI super app" of China, they say. Tencent's stocks have more upward potential as the integration could lead to higher cloud usage demand and faster revenue growth for various business services apps, Citi says. It maintains a buy call on Tencent and opens a 90-day positive catalyst watch. The broker also raises its target price to HK$648.00 from HK$563.00. Shares last at HK$502.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 21:39 ET (02:39 GMT)
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