The share price of TENCENT (00700.HK) -6.800 (-1.500%) Short selling $1.99B; Ratio 15.270% once mushroomed as much as 10% yesterday amid news that the company is gradually approaching the launch of an AI Agent for its 1.4 billion WeChat users, CLSA said in its report. The feature would help users complete various tasks within the app. According to reports, TENCENT is testing an AI Agent prototype and plans to initiate the compliance process ahead of a formal launch as early as this month.Related News BNP Paribas: TENCENT (00700.HK) WeChat AI Agents Face Multiple Challenges, Rated OutperformThe broker noted that it is not yet clear whether the news is accurate, but believes it is only a matter of time. It expects TENCENT to roll out a trillion-parameter model first before launching AI agent for WeChat, with both likely to be realized within the year.BABA-W (09988.HK) -3.600 (-2.941%) Short selling $1.38B; Ratio 13.783% and ByteDance's To-C AI chatbots are adopting similar strategies, but both lack a sizable merchant and services ecosystem, CLSA said. ByteDance's Doubao AI chatbot has begun charging a monthly subscription fee but lacks transaction scenarios. ChatGPT has also attempted to monetize through business features, though with limited success.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-08 16:25.)
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