Tencent Remains Resilient Proxy for China AI -- Market Talk

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0853 GMT - Tencent remains a resilient China AI proxy and one of DBS's long-term top picks. Tencent's core businesses--domestic games and social networks--have a more stable competitive landscape than peers, which face margin pressure from more contested core segments, DBS analyst Andy Yu says in a note. Meanwhile, AI has already lifted Tencent's earnings in games and advertising in recent quarters. Its recent AI model progress and a visible talent acquisition push also suggest Tencent is closing gaps in foundational model capabilities, he says. "Tencent remains best positioned for consumer agentic AI in China given its Weixin ecosystem plus its track record in scaling consumer-facing products," he adds. Shares closed at HK$603.00. (sherry.qin@wsj.com)

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December 15, 2025 03:53 ET (08:53 GMT)

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Tencent's core businesses--domestic games and social networks--have a more stable competitive landscape than peers, which face margin pressure from more contested core segments, DBS analyst Andy Yu says in a note. Meanwhile, AI has already lifted Tencent's earnings in games and advertising in recent quarters. Its recent AI model progress and a visible talent acquisition push also suggest Tencent is closing gaps in foundational model capabilities, he says. \"Tencent remains best positioned for consumer agentic AI in China given its Weixin ecosystem plus its track record in scaling consumer-facing products,\" he adds. Shares closed at HK$603.00. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 15, 2025 03:53 ET (08:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent Remains Resilient Proxy for China AI -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Remains Resilient Proxy for China AI -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-15 16:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0853 GMT - Tencent remains a resilient China AI proxy and one of DBS's long-term top picks. Tencent's core businesses--domestic games and social networks--have a more stable competitive landscape than peers, which face margin pressure from more contested core segments, DBS analyst Andy Yu says in a note. Meanwhile, AI has already lifted Tencent's earnings in games and advertising in recent quarters. Its recent AI model progress and a visible talent acquisition push also suggest Tencent is closing gaps in foundational model capabilities, he says. \"Tencent remains best positioned for consumer agentic AI in China given its Weixin ecosystem plus its track record in scaling consumer-facing products,\" he adds. Shares closed at HK$603.00. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 15, 2025 03:53 ET (08:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1883866441.USD","symbol_name":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2591611660","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591611660","pubTimestamp":1765788780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0853 GMT - Tencent remains a resilient China AI proxy and one of DBS's long-term top picks. Tencent's core businesses--domestic games and social networks--have a more stable competitive landscape than peers, which face margin pressure from more contested core segments, DBS analyst Andy Yu says in a note. Meanwhile, AI has already lifted Tencent's earnings in games and advertising in recent quarters. Its recent AI model progress and a visible talent acquisition push also suggest Tencent is closing gaps in foundational model capabilities, he says. \"Tencent remains best positioned for consumer agentic AI in China given its Weixin ecosystem plus its track record in scaling consumer-facing products,\" he adds. Shares closed at HK$603.00. 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Tencent's core businesses--domestic games and social networks--have a more stable competitive landscape than peers, which face margin pressure from more contested core segments, DBS analyst Andy Yu says in a note. Meanwhile, AI has already lifted Tencent's earnings in games and advertising in recent quarters. Its recent AI model progress and a visible talent acquisition push also suggest Tencent is closing gaps in foundational model capabilities, he says. \"Tencent remains best positioned for consumer agentic AI in China given its Weixin ecosystem plus its track record in scaling consumer-facing products,\" he adds. Shares closed at HK$603.00. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 15, 2025 03:53 ET (08:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}