TENCENT(HK:00700) news flash·2025-05-21 02:29Core Viewpoint - Citigroup highlights Tencent's launch of the new AI browser QBot on QQ Browser, which integrates the mixed Yuan + DeepSeek dual model capabilities, positioning Tencent as a strong participant in AI applications [1] Group 1: Product Development - Tencent has introduced the next-generation AI browser QBot, which consolidates reliable data sources from official accounts and other PGC platforms [1] - The AI browser offers functionalities for searching, browsing, writing, learning, and office tasks, catering to various user scenarios [1] Group 2: User Base and Market Potential - As of last month, QQ Browser had 433 million monthly active users and 97 million daily active users, making it easier to promote or transition user browsing/search behaviors towards AI responses and usage [1] - Tencent's large and stable user base, along with its social graph ecosystem, is expected to enhance its position in advancing AI functionalities and products [1] Group 3: Investment Outlook - Citigroup maintains a "Buy" rating on Tencent with a target price of HKD 695 [1]