--- title: "Understanding the Market | Tencent soared over 5% in the afternoon as WeChat Work Agent \"Dayuan\" began internal testing. Goldman Sachs stated that valuation recovery depends on the progress of AI narratives" type: "News" locale: "en" url: "https://longbridge.com/en/news/290648066.md" description: "Tencent surged over 5% in the afternoon, up 5.06% as of the time of writing, trading at HKD 435.8, with a transaction volume of HKD 9.458 billion. According to a report by the Daily Economic News, WeChat Work is about to launch an AI Agent named \"DaYuan,\" which is currently in the internal testing phase. This product does not require users to repeatedly state the context but can automatically understand user requests based on existing work data in WeChat Work, such as group chats, documents, meetings, emails, and schedules, and provide responses based on the corresponding scenarios. WeChat Work is inherently connected to WeChat, which means that \"DaYuan\" may not only serve internal corporate collaboration but also further penetrate customer management scenarios. It is worth noting that WeChat launched the internal testing of its built-in AI assistant \"XiaoWei\" last weekend. Goldman Sachs believes that the news of this internal testing failed to boost the stock price due to concerns from three core investors: controversies over model selection, the potential impact of reasoning costs, and the unclear short-term monetization path. The firm pointed out that Tencent's valuation multiple recovery in the coming quarters will mainly depend on the effectiveness of its AI narrative, with the user penetration rate of the WeChat AI assistant being a key variable" datetime: "2026-06-24T05:41:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290648066.md) - [en](https://longbridge.com/en/news/290648066.md) - [zh-HK](https://longbridge.com/zh-HK/news/290648066.md) --- # Understanding the Market | Tencent soared over 5% in the afternoon as WeChat Work Agent "Dayuan" began internal testing. Goldman Sachs stated that valuation recovery depends on the progress of AI narratives According to Zhitong Finance APP, Tencent (00700) surged over 5% in the afternoon, with a rise of 5.06% to HKD 435.8, and a trading volume of HKD 9.458 billion. On the news front, according to the Daily Economic News, WeChat Work is about to launch an AI Agent named "Da Yuan," which is currently in the internal testing phase. This product does not require users to repeatedly state the context but can automatically understand user demands based on existing work data in WeChat Work, such as group chats, documents, meetings, emails, and schedules, and provide responses based on the corresponding scenarios. WeChat Work is inherently connected to WeChat, which means that "Da Yuan" may not only serve internal corporate collaboration but also further penetrate customer management scenarios. It is worth noting that WeChat launched the internal testing of its built-in AI assistant "Xiao Wei" last weekend. Goldman Sachs believes that the news of this internal test has failed to boost the stock price due to concerns from three core investors: controversy over model selection, the potential impact of reasoning costs, and the unclear short-term monetization path. The bank pointed out that Tencent's valuation multiple recovery in the coming quarters will mainly depend on the effectiveness of its AI narrative, and the user penetration rate of the WeChat AI assistant is a key variable in this regard ### Related Stocks - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) ## Related News & Research - [Tencent tests AI assistant in China's most popular app as it looks to catch up with rivals](https://longbridge.com/en/news/290422930.md) - [China's Momenta plans to launch Hong Kong IPO next week, source says](https://longbridge.com/en/news/290529996.md) - [An Interview with Barchart's AI Market Analyst CARL](https://longbridge.com/en/news/290709753.md) - [Backblaze Stock Jumps on Huge CoreWeave AI Deal. The Bull Case Is Getting Stronger.](https://longbridge.com/en/news/290718482.md) - [1 of the Most Interesting AI Stocks in the Market Isn’t a Tech Company](https://longbridge.com/en/news/290606417.md)