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<Research>M Stanley Rates TENCENT as Overweight; Hy3 Preview Open-Sourced
TENCENT (00700.HK) released and open-sourced its next-generation large language model, Hy3 Preview, yesterday (23rd), according to a report released by Morgan Stanley.Positioned as...
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<Research>M Stanley Rates TENCENT as Overweight; Hy3 Preview Open-Sourced
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TENCENT (00700.HK)  -1.800 (-0.363%)    Short selling $1.48B; Ratio 16.230%   released and open-sourced its next-generation large language model, Hy3 Preview, yesterday (23rd), according to a report released by Morgan Stanley.

Positioned as the first step in rebuilding the Hunyuan foundation model, the Hy3 Preview adopts a MoE architecture to integrate fast and slow thinking. It features 295 billion total parameters (21 billion activated parameters) and a 256K context window, demonstrating improvements in complex reasoning, instruction following, in-context learning, code generation, agent capabilities, and inference performance.

Related News UBS Lists Investment Ratings and TPs for Chinese Tech Stocks (Table)
Morgan Stanley has given TENCENT an Overweight rating and a target price of HKD650.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)

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