--- title: "Understanding the Market | Tencent Holdings rose over 4% today, officially releasing the Hunyuan Hy3. Morgan Stanley pointed out that the WeChat AI Agent has become a clearly visible project" type: "News" locale: "en" url: "https://longbridge.com/en/news/291769326.md" description: "Tencent Holdings rose over 4% to HKD 451. The company officially launched the Hongyuan Hy3 model, enhancing performance and cost-effectiveness. JP Morgan pointed out that the progress of the WeChat AI Agent project is clear, confidence has increased, and it has given an \"Overweight\" rating with a target price of HKD 690, believing that the main impacts are a reduction in risk premium and an increase in price-to-earnings ratio" datetime: "2026-07-06T07:42:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291769326.md) - [en](https://longbridge.com/en/news/291769326.md) - [zh-HK](https://longbridge.com/zh-HK/news/291769326.md) --- # Understanding the Market | Tencent Holdings rose over 4% today, officially releasing the Hunyuan Hy3. Morgan Stanley pointed out that the WeChat AI Agent has become a clearly visible project According to Zhitong Finance APP, Tencent Holdings (00700) rose over 4%, with a current increase of 4.64%, priced at HKD 451, and a trading volume of HKD 16.196 billion. In terms of news, on July 6, Tencent's mixed Yuan Hy3 was officially released. Compared to the preview version, it demonstrates significantly stronger intelligence than models of the same size and is on par with flagship models (with parameter scales 2-5 times larger), while the pricing has been further reduced, and overall stability and cost-effectiveness have greatly improved. It is worth mentioning that Tencent Agent is steadily gaining momentum. In March of this year, the Tencent Cloud CodeBuddy team launched WorkBuddy. According to data from Analysys, the monthly visit volume of top products exceeded 20 million that month, with Tencent WorkBuddy ranking first with 8.85 million visits. Additionally, on June 20, the WeChat AI assistant "Xiao Wei" began a small-scale gray testing. Morgan Stanley pointed out that with Tencent starting beta testing for the WeChat AI Agent in June 2026, the firm's confidence in the company's previous conceptual framework has significantly increased. Now, the visibility of the WeChat AI Agent service is sufficient to distinguish between realized and pending functionalities, and it is not a distant prospect, but rather a phased rollout with clear milestones. The firm believes that the immediate impact of the WeChat AI Agent on the stock market is more likely to be reflected in a reduction in risk premiums and an increase in price-to-earnings ratios, rather than short-term earnings per share growth. The firm has given Tencent an "Overweight" rating with a target price of HKD 690 ### 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) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [The one stablecoin to rule them all?](https://longbridge.com/en/news/291666128.md) - [Tencent unit seeks up to $1.55 billion from Kuaishou share sale, term sheet shows](https://longbridge.com/en/news/291804827.md) - [Tencent Cuts Kuaishou Stake as Video Platform Presses Ahead With Share Buybacks](https://longbridge.com/en/news/291823198.md) - [Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent](https://longbridge.com/en/news/291778331.md) - [Beta Technologies CEO Clark Kyle disposes of 30,000 shares worth $530,565.5](https://longbridge.com/en/news/291843763.md)