CITIC Securities: Maintaining Tencent Holdings (00700) "Buy" Rating, Fully Opening Tencent AI and Accelerating International Layout.

According to the Wisdom Finance APP, Citic Securities released a research report stating that it maintains a "buy" rating on Tencent Holdings (00700). On September 16-17, 2025, Tencent will host the Global Digital Ecosystem Conference with the theme of "Aspiring Intelligence," focusing on the two growth engines of "intelligence and internationalization," fully opening Tencent AI and accelerating international layout. The firm believes that Tencent is expected to consolidate its ecological advantages and unleash its commercial potential by leveraging sustained efficient capital investment and an industrial practical full-chain product matrix, and harnessing the multiplier effect of interconnectedness in various aspects.