YOUZAN (08083) surged over 12% in afternoon trading. As of press time, the stock was up 10.2% to HK$0.162, with a trading volume of HK$60.7646 million. On the news front, YOUZAN previously released its interim results, with the group achieving revenue of RMB 714 million, an increase of 3.97% year-on-year. Profit attributable to owners of the parent company reached RMB 72.742 million, compared to a loss of RMB 17.224 million in the same period last year. The announcement stated that the revenue increase was mainly due to increased revenue from merchant solutions, partially offset by decreased revenue from subscription solutions. It is reported that in the first half of 2025, the GMV generated by merchants through YOUZAN's solutions was approximately RMB 49.8 billion. Huachuang Securities noted that YOUZAN is a leading merchant services SaaS platform that uses AI tools to provide targeted solutions for merchants' operational challenges. Huatai Securities pointed out that Tencent's management indicated that the impact of the traffic investment tax that took effect in July was relatively low, with current advertising growth driven mainly by eCPM increases, significant internal circulation momentum from WeChat Mini Stores and Mini Games, and growth in traffic from Video Accounts and WeChat Search. Management stated that if AI infrastructure depreciation costs rise rapidly in future years, the company may consider accelerating the commercialization of advertising.