The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the “buy” rating of Tencent Holdings (00700) and the target price of HK$755. The bank believes that the official version of Hy4 released by Tencent marks an important step in narrowing the gap with cutting-edge models and makes Tencent more capable of developing into a proxy AI platform that can handle complex enterprise workflows. Citi pointed out that Tencent is steadily establishing its position as a leading developer of basic models, while strengthening its competitive advantage in the field of AI positioning and office productivity.

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