Tencent - TechWire

Tencent

2025.10.27

18:02

Southbound funds saw net purchases of 2.873 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Tencent Holdings and CNOOC saw net purchases of HK$1.256 billion and HK$545 million, respectively. Alibaba-W led the market with net sales of HK$1.204 billion. On the Shenzhen side of the Hong Kong Stock Connect, Hua Hong Semiconductor and SMIC saw net purchases of HK$1.162 billion and HK$1.145 billion, respectively. Alibaba-W led the market with net sales of HK$781 million.

16:25

At the close of Hong Kong stocks, the Hang Seng Index closed up 1.05%, the S&P 500 Index closed up 1.83%, and technology stocks rebounded. Baidu (09888.HK) rose 6.2%, Alibaba (09988.HK) rose more than 3%, and Tencent Holdings (00700.HK) rose 2.9%.

10:32

Hong Kong-listed technology and internet stocks strengthened, with Baidu (09888.HK) rising more than 5%, Alibaba (09988.HK) rising more than 3%, Kuaishou (01024.HK) and Tencent Holdings (00700.HK) rising 2%.

2025.10.25

15:20

Unity's total revenue from publishing in China exceeded 10 million yuan, with a monthly growth rate of 30%-40%.

At Unite 2025, Unity's annual developer conference, Unity announced that its publishing business in China has generated over tens of millions of yuan in revenue this year, with a monthly growth rate of 30%-40%. Furthermore, Unity officially released Unity Engine 1.7.3, introducing TuanjieGI, the first complete global dynamic real-time lighting solution within the Unity ecosystem. This upgrade encompasses three strategic areas: core rendering capabilities, cross-device deployment capabilities, and AI integration. Furthermore, Unity is collaborating with Tencent Games to launch the AI Graph intelligent creation platform, leveraging Tencent's Hunyuan large-scale model capabilities.

2025.10.24

17:34

Tencent AI intelligent workstation ima released version 2.0, with monthly active users increasing by over 80 times

On October 24th, Tencent officially launched the internal beta of ima 2.0. The new version includes an agent-based "task mode" that supports the generation of content in two formats: reports and podcasts. It also features features such as the knowledge base's "AI Key Points" feature, which automatically generates structured summaries. Newly added explicit metrics, such as "likes," help users quickly assess the authority and activity of knowledge bases. It's reported that in the year since ima's launch, the total number of knowledge base documents has reached 200 million, and monthly active users have increased over 80-fold in September compared to January.

17:31

Southbound funds saw net purchases of 3.414 billion yuan today. On the Shanghai side of the Hong Kong-Shanghai Stock Connect, Tencent Holdings and CNOOC saw net purchases of HK$463 million and HK$393 million, respectively. Pop Mart led the market with net sales of HK$416 million. On the Shenzhen side of the Hong Kong-Shenzhen Stock Connect, Meituan-W and Hua Hong Semiconductor saw net purchases of HK$448 million and HK$326 million, respectively. CSPC Pharmaceutical Group led the market with net sales of HK$247 million.

15:33

Hong Kong tech and internet stocks strengthened in late trading, with Bilibili (09626.HK) rising more than 3%, Alibaba (09988.HK) rising more than 2%, Tencent Music (01698.HK), Baidu (09888.HK) and others following suit.

2025.10.23

17:18

Tencent ima 2.0 official announcement: expected to be officially released on October 27

On the afternoon of October 23rd, Tencent's AI tool app ima announced that ima 2.0 will be released on October 27th. The new version will reportedly include many highly anticipated features, including a "task mode" and improved knowledge base management and sharing capabilities.

12:38

Tencent participated in the investment in Neolix, which completed a pre-IPO round of financing exceeding US$500 million.

Neolix, a leading Chinese company in the unmanned delivery sector, recently completed a pre-IPO round of financing exceeding $500 million. In addition to participation from several existing shareholders, this round also saw the addition of star investors such as Tencent and Gaocheng Capital, as well as several national AI funds and Middle Eastern funds. According to a source familiar with the matter, "This round has officially reached $500 million, with additional funds currently in the process of being deposited. This round of financing will likely far exceed $500 million."

2025.10.21

12:00

Bank of America Securities raises Tencent's target price to HK$780 as AI monetization momentum strengthens

A Bank of America Securities research report stated that Tencent Holdings offers the best investment opportunity within China's internet industry, including AI-driven growth potential, a stable competitive landscape, and attractive shareholder returns at attractive valuations. In the AI sector, the bank sees Tencent as a key beneficiary of AI applications and monetization in China, with the potential for accelerated growth in advertising and cloud revenue, demonstrating the benefits of AI technology to its core business. The bank also believes that continued integration and experimentation of AI capabilities into WeChat (for example, through AI agents that directly recommend services and products within WeChat) could drive a re-rating of the stock price in the medium term. The bank reiterated its Buy rating on Tencent and raised its target price from HK$690 to HK$780, shifting its valuation forecast from discounted cash flow to a comprehensive approach, resulting in adjusted price-to-earnings ratios of 23x and 20.6x in 2026 and 2027, respectively. Bank of America Securities expects Tencent to achieve 13% annual revenue growth and 18% annual adjusted operating profit growth. By business unit, the gaming business is expected to grow 18% year-over-year in the third quarter of fiscal 2025, even against a higher base. Advertising revenue is expected to grow 20% annually. Cloud revenue growth is likely to accelerate due to continued investment in AI infrastructure, while fintech is poised for a continued recovery. Fintech and enterprise services revenue is expected to grow 11% annually. Regarding profitability, margins are expected to remain stable in the near term, despite the potential for higher depreciation expenses going forward.

09:23

Most of the Hong Kong tech stocks opened higher, with Alibaba (09988.HK) opening up 3.46%, Bilibili (09626.HK) opening up 3.15%, Tencent Holdings (00700.HK), Kuaishou (01024.HK) and others following suit.

2025.10.17

16:01

US tech stocks "Seven Sisters" fell before the market opened, with Tesla down 2%

US tech stocks, known as the "Seven Sisters," fell across the board before the market opened, with Microsoft down 0.9%, Meta, Amazon, Apple, and Google A down 1%, and Tesla and Nvidia down 2%. Chinese concept stocks also fell across the board before the market opened, with Ctrip, Li Auto, and Tencent Music down 2%, Bilibili, Pinduoduo, Baidu, and Alibaba down 3%, and NIO down 5%.

2025.10.16

19:33

Liu Zhipeng from Tencent joins Game Science, Feng Ji gathers "Fighting God"

Reporters have learned that Guang Mang (real name Liu Zhipeng), General Manager of Tencent Interactive Entertainment's Content Ecology Department (CDD), has officially joined Game Science, the developer of "Black Myth: Wukong." Notably, Guang Mang previously worked on Tencent's "Douluo Dalu" project, also based on "Journey to the West." Game Science founder Feng Ji and co-founder Yang Qi were both members of the "Douluo Dalu" development team.

18:26

Yingmu Technology releases a new generation of AI smart glasses and announces its entry into offline channels

On October 16th, Yingmu Technology officially released its new generation of AI smart glasses, the INMO GO3. At the same time, Yingmu INMO announced the creation of Yingmu World, a globally open AI+AR industry ecosystem platform. The platform will partner with companies such as Tencent, Ant Group, and Zhipu AI to build a native content ecosystem, and also announced its expansion into offline channels.

2025.09.29

14:51

Hong Kong tech and internet stocks fluctuated higher in the afternoon. Alibaba (09988.HK) and Kuaishou (01024.HK) both rose by more than 4%, Tencent Holdings (00700.HK) rose by more than 3%, and Ctrip Group-S (09961.HK), Meituan (03690.HK), Baidu (09888.HK), NetEase (09999.HK) and other stocks followed suit.

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