---
title: "CICC: Maintains Tencent's \"Outperform Industry\" rating, WeChat e-commerce progress proves its growth potential"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/223041047.md"
description: "CICC released a report stating that WeChat recently announced the launch of the \"Gift Giving\" feature test, allowing users to send or receive products from WeChat stores to friends in a manner similar to sending WeChat red envelopes. The firm believes that this move, leveraging user interaction, may accelerate the penetration rate of WeChat stores, but the final situation remains to be observed. Meanwhile, in this context, Tencent Holdings' adjusted price-to-earnings ratio for 2025 is 14 times, and the progress of WeChat e-commerce demonstrates Tencent's growth potential, which is expected to bring continuous returns to investors. CICC maintains a target price of HKD 468 for Tencent and an \"outperform industry\" rating"
datetime: "2024-12-23T02:18:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/223041047.md)
  - [en](https://longbridge.com/en/news/223041047.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/223041047.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/223041047.md) | [繁體中文](https://longbridge.com/zh-HK/news/223041047.md)


# CICC: Maintains Tencent's "Outperform Industry" rating, WeChat e-commerce progress proves its growth potential

On December 23rd, Jin10 reported that China International Capital Corporation (CICC) released a report stating that WeChat recently announced the launch of a "gift-giving" feature test, allowing users to send or receive products from WeChat mini-stores in a manner similar to sending and receiving WeChat red envelopes. The firm believes that this move, leveraging user interaction, may accelerate the penetration rate of WeChat mini-stores, but the final outcome remains to be observed. Meanwhile, in this context, Tencent Holdings Limited (00700.HK) has an adjusted price-to-earnings ratio of 14 times for 2025. The progress of WeChat e-commerce demonstrates Tencent's growth potential, which is expected to bring continuous returns to investors. CICC maintains a target price of HKD 468 for Tencent and an "outperform the industry" rating

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