Citi: Tencent's (00700.HK) WeChat "Xiaowei" is expected to become China's ultimate consumer AI agent; maintain "Buy" rating.

Zhito Finance APP has learned that Citi issued a research report reiterating a "Buy" rating on Tencent Holdings (00700.HK) with a target price of HK$765. The bank believes that WeChat's "Xiaowei" unique positioning is expected to become China's ultimate consumer AI agent. Rather than launching a standalone app, Tencent has natively embedded "Xiaowei" into WeChat, directly leveraging its massive monthly active user base, proprietary social graph, and its already established and proven mini-program e-commerce track.