Tencent's Market Value Soars by HK$320 Billion
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On February 17, 2023, Tencent-related stocks experienced a significant surge in the Hong Kong stock market, with Tencent Holdings itself closing up by 3.96%. Notably, Weimob Group soared over 11%, andTencent Music, listed as Tencent Music Entertainment Group, jumped by more than 6%. During the trading session, Tencent’s shares reached an impressive peak, up by 7.83%, crossing the 500 Hong Kong dollar mark per shareThis remarkable performance translated into an increase of approximately HKD 320 billion in market capitalization, equivalent to about CNY 298.1 billion, reaching a three-year highConcurrently, A-share Tencent Cloud-related stocks also gained momentum, with companies like Data Harbor and Yunsai Zhilian hitting their upper price limits.
Furthermore, the DeepSeek AI search integration offers internet-connected search capabilities without the need for users to make manual selections, as the system automatically activates
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By tapping into a wealth of content within the WeChat ecosystem, alongside high-quality data from across the web, DeepSeek provides comprehensive and high-quality responses to user queriesIn an era overflowing with information, the demand for accurate and thorough information is greater than everThe combination of WeChat's extensive data resources and DeepSeek's advanced algorithms ensures that users receive precise, valuable results, enhancing their overall experience—whether they are searching for knowledge, seeking life service, or gathering news updates.
As this capability is still undergoing grayscale testing, the WeChat team plans to continuously optimize based on user feedbackInitial observations indicated that the AI search feature lacked the ability to view search history; however, this functionality has since been introduced, enhancing user experience furtherIn addition to WeChat, many other Tencent products are either already integrated with DeepSeek or are in the process of doing soProducts like the Tencent Cloud AI Code Assistant, Tencent Yuanbao, Tencent IMA, and QQ Browser have all adopted DeepSeek technology.
This recent bold move by Tencent to rapidly embrace DeepSeek contrasts sharply with the company’s previous two-year approach of emphasizing "steady progress without rushing." Notably, Tencent has developed its own mixed Yuan model, and previously, various internal teams utilized external open-source models before gradually shifting focus towards YuanThis significant decision indicates that Tencent regards DeepSeek on equal footing with Yuan or even bestows it a higher statusFor instance, Tencent Yuanbao, an AI assistant and a key portal for Tencent’s Yuan model tailored for consumer markets, officially integrated with the full version of DeepSeek-R1 starting February 13, allowing users to choose between Yuan and DeepSeek based on their preferences.
The significance of DeepSeek is further highlighted by its presence in WeChat, a product with a staggering 1.3 billion monthly active users
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