TENCENT(HK:00700) Xin Lang Cai Jing·2025-05-20 06:00Core Insights - QQ Browser has upgraded to an AI browser with the launch of QBot, utilizing Tencent's mixed Yuan and DeepSeek dual models, and has over 400 million users [1] - QBot integrates various AI capabilities including AI search, AI browsing, AI office, AI learning, and AI writing, featuring the first high school entrance examination agent "AI Gao Kao Tong" [1][3] - The product emphasizes user choice in AI usage habits, allowing users to customize the display of traditional and AI search results [3] Company Strategy - Tencent's CEO Ma Huateng highlighted the substantial contributions of AI capabilities to Tencent's advertising and gaming businesses, indicating increased investment in AI opportunities [4] - The integration of AI agents within the WeChat ecosystem is expected to create unique products that differentiate Tencent from competitors [4] - QBot is positioned to enhance user efficiency in browser tasks, focusing on improving the original demands of browser users rather than executing broader complex tasks [5] Market Dynamics - The rise of AI models poses a challenge to traditional search engines, prompting browsers to adopt AI technologies to improve their functionalities [4][7] - Data from Similarweb indicates that ChatGPT.com is the only platform among the top ten websites to experience monthly growth, highlighting a shift in user behavior towards AI tools for work and learning [3] - The Chinese browser market is competitive, with QQ Browser ranking among the top seven alongside Chrome, Edge, and Safari, as per Statcounter's report [6] Future Outlook - The future of AI browsers is expected to combine tool and platform attributes, necessitating better AI technology support and ecosystem expansion [7] - The introduction of AI features in domestic browsers signifies a new phase of product competition in the market [7]