GuShiio.com ① Tencent’s AI application Yuanbao APP jumped to the top spot in the Apple App Store, with weekly active users exceeding 5 million.
③ Citibank research reported that Tencent is reshaping its AI strategic landscape through two-wheel drive, and institutional investors are strongly willing to reassess its AI strategy.
Financial Union, March 6 (Editor Hu Jiarong) Tencent Holdings (00700.HK) shares once surged to HK$536, setting a new high since July 2021. As of press time, it rose 5.74% to HK$534.50; the total market value was HK$4.9 trillion, an increase of nearly HK$300 billion from the previous trading day.
Note: Tencent Holdings ‘recent performance
Tencent’s performance in turn drove the trend of related concept stocks. As of press time, Youzan (08083.HK), Weimeng Group (02013.HK), and Jinshan Software (03888.HK) rose 7.02%, 6.43%, and 6.17% respectively.
Market analysis believes that this wave of market results from Tencent’s strategic breakthrough in the field of artificial intelligence-the explosive growth of its AI application Yuanbao APP, and the accelerated layout of its large model ecosystem.
In terms of news, application market data shows that since February 1, Yuanbao APP equipped with DeepSeek and Mixed Energy dual models has staged a counterattack. The app’s ranking in the Apple App Store jumped from 12th in the productivity category to the top spot in just 22 days, surpassing strong rivals such as ByteDance’s Doubao and Kimi on the Dark Side of the Moon.
In addition, some reports pointed out that Tencent has invested more than 300 million yuan in promotion expenses to launch a saturated marketing offensive through all channels such as WeChat ecosystem, Station B, and Xiaohongshu.
It is worth noting that this AI competition has not been smooth sailing. In early March, Yuanbao APP caused controversy over the intellectual property terms in the user agreement. Later, official clarifications emphasized that the ownership of user-generated content remained unchanged. As of March 5, Yuanbao APP weekly active users have exceeded the 5 million mark.
Agencies say Tencent is reshaping its AI strategic landscape through two-wheel drive
Citibank’s latest research report pointed out that Tencent is reshaping its AI strategic landscape through two-wheel drive: on the one hand, deepening technical collaboration with DeepSeek to solve the computing power bottleneck of large model applications; on the other hand, integrating core applications such as Yuanbao into the cloud and industrial business group, marking the transition of AI strategy from technological research and development to commercialization. Analysts particularly emphasized that the transformation potential of 1.3 billion users in the WeChat ecosystem may spawn the world’s first super AI application platform.
Some market observers pointed out that compared with the technology follow-up strategy adopted in 2023, the current rapid blocking of cards through the self-research + cooperation model not only alleviates the dilemma of insufficient market volume of the mixed market, but also leverages DeepSeek’s technological advantages to build competition barriers. This open ecological approach allows it to find a differentiated path among competing products such as Baidu Wenxin Yiyan and Ali Tongyi Qianwen.
At present, institutional investors are strongly willing to reassess Tencent’s AI strategy. In the past two weeks, funds from the south have continued to increase positions, and the shareholding ratio has rebounded to a high of 27% for the year. Morningstar analysts believe that the current valuation has not fully reflected the growth potential of the AI business. If Yuanbao APP can continue to maintain user growth, it may open up new valuation space.
