Tianfeng Securities: The third quarter is expected to enter a period of intensive deployment of Agents, grasping the core targets of AI Agents from two dimensions

Tianfeng Securities released a research report stating that the third quarter of 2025 is expected to enter a period of intensive deployment of AI Agents, focusing on two dimensions to grasp the core targets of AI Agents. From the C-end perspective, Alibaba, Tencent, and ByteDance have become the core enterprises for C-end Agents due to their traffic advantages. In the future, attention will be paid to the formation of super entry points on mobile devices, such as collaborations between giants and mobile manufacturers to create "clothing, food, housing, and transportation" life assistants, with Alibaba's potential being the most promising. For C-end vertical scenarios, we are optimistic about Kingsoft Office, Hehe Information, iFlytek, and Tonghuashun, which have sticky and high-frequency applications. For B-end Agents, it is recommended to pay attention to Alibaba, DeepSeek, ByteDance, Tencent, Jumpspace, and Zhipu AI