JPMorgan released a research report saying that its recent discussion with TENCENT (00700.HK) +9.000 (+1.488%) Short selling $1.70B; Ratio 15.610% 's management across game and cloud sectors reveal that the Company's core advantage lies not in single blockbuster products or one-off customer acquisition, but in possessing a replicable business model capable of localizing and scaling globally. Using shooting games as an example, TENCENT's management estimated the market size could reach US$38 billion in 2025. Related NewsDaiwa Reiterates Buy on TENCENT, Bullish on Int'l Game ExpansionThe broker believed that, through its 'three-engine' model of publishing, developing and investing in game studios, TENCENT can secure a position in this rapidly growing game field.As a 'multi-year profit compound growth stock,' TENCENT is utilizing AI and global expansion to enhance business efficiency and quality, rather than merely cutting costs or pursuing short-term returns, JPMorgan added. Therefore, the broker was optimistic about its growth cycle, and rated TENCENT at Overweight, with a target price of $750.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-19 16:25.)Related NewsG Sachs Keeps Buy on TENCENT, Upbeat About WeChat Ecosystem & Global Gaming Assets