JPTENCT@EC2612B

Tencent Cloud Adjusts CodeBuddy and WorkBuddy Pricing Plans

Tencent Cloud Upgrades Full-stack Enterprise-level Agent Products at Summit 2026

Tencent and Yimai Sunshine sign a strategic agreement to jointly launch a new paradigm for AI-native healthcare

Tencent is internally testing a 24-hour online AI assistant 'Marvis'

Redwood Horizon Fund Adds Tencent Industrial Fund as Partner and Increases Capital

Tencent QQ now offers the option to turn off personalized ad recommendations.

Over 200 Hong Kong Listed Companies Repurchase Shares Year-to-Date, Tencent Repurchased Over 10 Billion HKD

Jinko Solar Collaborates with Tencent and Others to Create Green Low-Carbon Energy Solutions

Tencent Maps partners with Niu Technologies to be the first in the industry to fully open screen-casting navigation on the HarmonyOS platform

Tencent Responds to New Regulations on Online Marketing of Financial Products

Tencent releases open platform for mobility intelligence

DeepSeek V4 Launch Pushes AI Programming towards Agent Coding Stage

Citi maintains 'Buy' rating on Tencent Holdings with a target price of HK$783

Tencent's party game 'Dream Star' is officially launched on Huawei's HarmonyOS App Store

QClaw Updates to Integrate Hermes Framework and Add New Features

Citi Report: Optimistic Outlook on Commercial Strategy and Market Performance of Chinese AI Models

DeepSeek Unveils V4-Pro and V4-Flash, Analysed by China Renaissance for Pricing and Performance

Tencent Holdings Launches New Language Model HY3.0 and Integrates it into Multiple Applications

Yao Shunyu's First Debut Under Tencent's Mixly: Hy3 Preview Released But Falls Short of Market Expectations

China Merchants Securities International: DeepSeek V4 refreshes open-source SOTA capabilities, Alibaba and Tencent to benefit directly

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0427 | Dolphin Research Focus: 🐬 Macro/Industry1) Last week, DeepSeek surprise-launched its flagship foundation model DeepSeek-V4 and fully open-sourced it, a key market catalyst. With AI advances as a tailwind, semis extended gains today: the Hong Kong Semiconductor Index jumped 5%+, led by SMIC and Hua Hong Semiconductor.The new model is tuned for domestic compute and pursues a non-CUDA stack, expanding edge-AI use cases and sustaining demand for local chips. Flows continue to pile into themes of self-reliant compute and domestic substitution...

DeepSeek-V4 open-sourced, igniting the AI compute supply chain; Tencent's QClaw rolls out a major update | Daily News Recap

CWEB

KWEB

CICC analyst has maintained a Buy rating on Tencent Holdings (TCTZF) with a price target of HK$666.00, while the shares closed at HK$493.40. The analyst consensus for Tencent is Strong Buy, with a target of HK$717.43, indicating a potential upside of 45.41%. Additionally, Morgan Stanley also supports a Buy rating with a target of HK$650.00.

- A CICC analyst upheld a Buy rating for Tencent Holdings and set a price target of HK$666.00.  
- Tencent's shares closed at HK$493.40, with analysts given a consensus rating of Strong Buy and a price target suggesting a 45.41% upside.  
- Morgan Stanley also maintained a Buy rating with a price target of HK$650.00 in a report released on April 23.

Tip Ranks

TENCENT

Tencent Holdings Limited

Direxion CSI China Internet Index Bull 2X

Krne Csi China Internet

Tencent

CICC

Morgan Stanley

TENCENT-R

Tencent HK SDR 10to1

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

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MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Tencent Holdings  (TCTZF) Gets a Buy from CICC

The preview version of Tencent's Hunyuan HY3.0 has officially debuted, featuring 295 billion parameters and a 40% improvement in inference efficiency, with input pricing as low as 1.2 RMB per million tokens. It has been immediately integrated into over ten core products including Yuanbao, WeChat, and QQ. Citigroup maintains a Buy rating on TENCENT with a target price of HKD 783, implying a 59% upside from the current price—this transformation from 'showcasing technical prowess' to 'real commercial implementation' may become the key inflection point for TENCENT's AI monetization

- Tencent has released the HY3.0 preview version, shifting its AI strategy from technical competition to commercial applications.  
- The model features a hybrid expert architecture with 295 billion parameters, offering 40% improved inference efficiency and competitive pricing aimed at the enterprise market.  
- HY3.0 is already integrated across Tencent’s core products, indicating its capability to address real-world problems and suggesting a new phase of scalable commercial AI use.

Wallstreetcn

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Reassessing Tencent AI Value: '40% Efficiency Boost + Extreme Pricing', Hunyuan HY3.0 Embraces 'Pragmatism' and Already Possesses Scalable Commercial Capability

Hy3 represents a rhythm calibration for Tencent in the second half of the AI race

- On April 23, Tencent unveiled the Hy3 preview, a MoE language model with 295 billion parameters, emphasizing performance and cost-effectiveness.  
- The model's capabilities include improved coding, context understanding, and instruction adherence, and it has been integrated into several internal Tencent products.  
- Hy3 preview signifies Tencent's shift towards practical AI applications and aims to gather community feedback for its improvement, marking a new phase in its AI development strategy.

Tencent Hy3 Preview Launches, Report Card Released After Yao Shunyu's Join

Tang Daosheng, Senior Executive Vice President of Tencent Group, stated that the competition in the automotive industry is being redefined by AI. In the future, the gap between car manufacturers will depend on who can achieve scalable and systematic AI implementation faster

Tencent's Tang Daosheng: The True Competition in Smart Cars Lies in Scalable, Systematic AI Implementation

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- Advanced artificial intelligence tools could reduce video game development costs by nearly half, unlocking about $22 billion in annual profits for game makers.  
- AI adoption is expected to streamline tasks, shorten production timelines, and allow for smaller teams, although benefits may not be evenly distributed across the industry.  
- Global consumer spending on video games is projected to reach $275 billion this year, with significant reinvestment in development, while key players like Tencent and Sony are likely to benefit most from these technological advancements.

Reuters

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Global X Video Games & Esports ETF

VanEck Video Gaming and eSport ETF

First Trust S-Network Streaming and Gaming ETF

Wedbush ETFMG Video Game Tech ETF

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Sony Group Corporation

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Unity Software

Gaming industry could unlock $22 billion in profits on AI-driven cost cuts - Morgan Stanley

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- Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, which is seeking over $20 billion in funding.  
- DeepSeek, backed by High-Flyer Capital Management, aims to raise at least $300 million as it initiates talks for outside capital for the first time.  
- These discussions highlight the significant capital needed to develop advanced AI models as the industry evolves, with the potential terms still subject to change.

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Alibaba

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation, The Information reports

Tencent and Alibaba are in talks to invest in DeepSeek. Driven by intense market interest sparked by initial contacts, DeepSeek's target valuation has been raised from an initial minimum of $10 billion to over $20 billion, and the financing scale may also expand accordingly

- DeepSeek is seeking external funding for the first time, attracting interest from major domestic tech companies like Tencent and Alibaba, which have begun investment discussions.  
- The startup’s estimated valuation has surged from at least $10 billion to over $20 billion due to heightened market interest and ongoing negotiations, despite its lack of significant revenue and reliance on open-source models.  
- This funding push reflects competitive pressures and rising operational costs in the AI sector, as well as the urgent need for DeepSeek to stabilize its core talent amid risks posed by larger rivals.

DeepSeek's First Funding Round Sparks Frenzy Among Tech Giants; Tencent and Alibaba May Join, Valuation Soars to $200 Billion

Tencent, Alibaba in Talks to Invest in DeepSeek at $20 Billion-Plus Valuation - The Information

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Morgan Stanley's latest report reveals that generative AI could slash AAA game development costs by 44%, unlocking $22 billion in incremental profits—but the benefits will not be evenly distributed. Tencent, Roblox, and AppLovin are highlighted as the top beneficiaries, while manufacturers of homogenized content face pressure to exit. IP accumulation, core gameplay design, and real-time operations remain three barriers difficult for AI to replicate in the short term

- Generative AI is poised to reshape a $275 billion industry, with Morgan Stanley predicting that AI tools could nearly halve AAA game development costs, creating a profit pool of around $22 billion.  
- The report outlines scenarios where game publishers could see significant profit increases or face competition that undermines their earnings, highlighting major beneficiaries like Tencent and Roblox.  
- It warns that while AI can enhance content supply, the core elements of IP, gameplay design, and live operations remain difficult to replicate, creating lasting barriers in the industry.

AppLovin

VanEck Gaming ETF

T-Rex 2X Long RBLX Daily Target ETF

Roundhill Video Games ETF

NetEase

NTES-S

AI's Next Big Opportunity: Game Creation!

Today’s Key News Recap

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$Alibaba(BABA.US) and $TENCENT(00700.HK) are in advanced discussions to back Chinese AI company DeepSeek in its first external funding round, at a valuation above $20 billion.This underscores Alibaba’s aggressive AI expansion strategy, adding to momentum from recent product launches and positioning the company deeper in generative AI, cloud, and related hardware/robotics ambitions.@Bridge Buzz SG

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Alibaba HK SDR 5to1

0416 | Dolphin Research Focus: 🐬 Macro/Sector 1) The National Bureau of Statistics released China's Q1 2026 macro data today. Preliminary estimates put GDP at RMB 33.42tn, up 5.0% YoY in real terms, at the upper end of the 4.5%-5.0% annual target range.In Mar, national retail sales rose 1.7% YoY. Retail demand remains soft, with signs of further weakening at the margin. See Dolphin Research's take: 'Mar Retail Sales: A Cold Snap in Consumption? How big is the problem'...

Tesla

HIKVISION

Netflix

Micron Tech

CATL

CATL HK SDR 30to1

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Baidu HK SDR 10to1

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XPEV GX flagship debuts; TSLA hits AI5 chip tape-out milestone | Daily News Recap

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personally I will DCA on this stock... haha

antytank

$TENCENT(00700.HK)HKD 700 -&gt; HKD 499 : Is Tencent Finally Cheap Enough? 🤔Tencent Holdings is testing critical support after a prolonged correction. Currently trading at HKD 499.0 (+1.18%), the tech giant is at a pivotal juncture for Q2 2026.🔷Technical Analysis (HTF)The higher timeframe trend remains bearish, correcting significantly from the HKD 700 highs seen in late 2025. On the daily chart, price action is compressing near the lower Bollinger Band (464.6).♥️Resistance:The 20-day SMA (blue line) at 507.1 acts as the immediate ceiling. A close above this is required to signal a short-term reversal.♥️Support:The lower band at 464.6 is the critical safety net.♥️Momentum: RSI sits at 40.23—neutral territory. It is recovering from March oversold levels but lacks strong bullish divergence yet.🔷Fundamentals &amp; ValuationIn 2026, Tencent remains a cash-flow fortress in gaming and fintech. With the stock down ~30% from its peaks, valuation multiples have compressed. While explosive growth has normalised, the company continues aggressive share buybacks. Around HKD 500 , the stock is transitioning from a “momentum” play to a “value” play, offering a more attractive entry point for long-term holders compared to a year ago.🔷The VerdictNEUTRAL.The stock is attempting to stabilise but the trend is not yet. Bulls need to reclaim HKD 507 to confirm a bounce. Expected choppy sideways action between 465 and 510. Watch the lower band closely; a break below could trigger further selling.Not financial advice. Always do your own DD! Risk management.

In 2026, AI agents are no longer a buzzword. Claude Code, Cursor, Gemini CLI — developers and investors are now using natural language to pull market data, place orders, and parse earnings reports. A broker's API is no longer just a tool for quant teams; it's become the last-mile nerve ending connecting every AI tool to the financial world. Both Longbridge and Futu have stepped up with their own Skills offerings — but their architectural philosophies diverge from the very first line of code...

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Futu

Alphabet - C

Alphabet

Longbridge Skills vs. Futu Skills: The Battle for Broker Infrastructure in the AI Era — One Is Moving with the Times, the Other Still Ships an Installer

Patty

China tech should be well supported by the government. It is in the country’s interest that the local tech sector be vibrant and strong enough to stand up to the behemoths from US.

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$ISHARESHSTECH(03067.HK)I keep investing regularly (DCA) into this ETF because I believe:❤️China’s tech sector will grow over the long term.❤️Prices are still relatively cheap after the past downturn.❤️It is an easy way to invest in the whole tech sector and not just one company.The ETF includes major companies like Tencent, Alibaba, Meituan, Xiaomi, BYD, and NetEase.I see this as one of the cheapest ways to invest in an entire sector, while also lowering risk compared to buying just one stock.

ISHARESHSTECH

NTES ADR US

智谱

Conference Minutes

Below is Dolphin Research's Trans of Zhipu's FY2025 earnings call. I. Core financial highlights.1) Rapid revenue growth: FY2025 revenue reached RMB 724 mn (+132% YoY). The cloud open platform and API businesses accounted for 26.3% of total revenue.2) API ARR inflection: As of Mar 2026, API ARR reached $250 mn, up 60x over the past 12 months. Pricing per API call rose 83% vs. Dec 2025, with demand increasing after the price hike...

Zhipu (Trans): Tech-Driven, Focus on Advancing the Model Frontier

JPTENCT@EC2612B(28580.HK)

DeepSeek-V4 open-sourced, igniting the AI compute supply chain; Tencent's QClaw rolls out a major update | Daily News Recap

Tencent Holdings (TCTZF) Gets a Buy from CICC

Reassessing Tencent AI Value: '40% Efficiency Boost + Extreme Pricing', Hunyuan HY3.0 Embraces 'Pragmatism' and Already Possesses Scalable Commercial Capability

Tencent Hy3 Preview Launches, Report Card Released After Yao Shunyu's Join

Tencent's Tang Daosheng: The True Competition in Smart Cars Lies in Scalable, Systematic AI Implementation