HK Stock Market Move | TENCENT (00700) rose more than 3% in the afternoon, Tencent Hy3 preview went online for two weeks, and the Token call volume increased by 10 times.

TENCENT (00700) surged more than 3% in the afternoon, rising by 3.02% as of press time to HK$477, with a turnover of HK$13.548 billion. On the news front, according to Tencent's official announcement on Hy3 preview, the token call volume has continued to increase since its launch, with the total volume now more than 10 times that of the previous version Hy2 model. Token call volume in code and intelligent body scene has increased significantly, with growth of over 16.5 times in Tencent's WorkBuddy/Codebuddy and Qclaw-like applications. Morgan Stanley believes that Hy3 Preview has made significant improvements in code generation and proxy capabilities, with an SWE-Bench Verified score of 74.4% (compared to 53% for Hy2), roughly on par with GLM 4.7's 73.8%. Tencent's comprehensive optimization provides the best cost-performance ratio, with a 40% increase in inference efficiency and a significant reduction in overall costs. Citi said that with the official launch of HY3.0 or subsequent versions 3.1/3.2, model capabilities are expected to further enhance.