智通财经网·2025-09-18 06:32Core Viewpoint - Goldman Sachs expresses increased confidence in Tencent Holdings' (00700) prospects, highlighting its deepening competitive moat through investments and its unique WeChat ecosystem, positioning it as one of the companies in the Chinese internet sector most likely to benefit from AI application development, assigning a "Buy" rating with a target price of HKD 701 [1] Group 1 - Tencent recently held the 2025 Tencent Global Digital Ecosystem Summit in Shenzhen, where management emphasized that efficiency improvements driven by intelligence and scale expansion driven by globalization are the two main growth engines for Tencent Cloud and its ecosystem partners [1] - Over the past year, Tencent has iterated its foundational models, releasing more than 30 mixed models, and anticipates that AI applications in gaming, marketing services, native applications, and internal productivity enhancements could drive geometric business growth [1] - Tencent Cloud plans to strengthen its expansion in overseas markets, with a compound annual growth rate of high double digits in overseas market revenue over the past three years, and the number of international customers has doubled year-on-year [1]