Hong Kong Stock Concept Tracking | Tencent Launches AI Browser, Initial Results of AI Investment by Leading Internet Companies (with Concept Stocks)

Zhitong
2025.05.19 05:01
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Tencent QQ Browser has been upgraded to an AI Browser, launching QBot, which features AI search, browsing, office work, learning, and writing capabilities. China Galaxy Securities points out that the domestic AI industry is rapidly developing, and internet giants are expected to achieve value re-evaluation. CITIC Securities research report shows that during the AI infrastructure investment period, AI capabilities have made substantial contributions to advertising and gaming businesses for Tencent and Alibaba. Leading companies such as Tencent, Alibaba, and JD.com have performed outstandingly in the Hong Kong stock market

Today, Tencent QQ Browser has upgraded to an AI browser, launching the new QBot, equipped with Tencent's Hunyuan and DeepSeek dual models. It currently includes five major functions: AI search, AI browsing, AI office, AI learning, and AI writing, and can also invoke Agents to perform complex tasks. The first batch of Agents in grayscale includes the industry's first college entrance examination Agent "AI GaoKao Tong," download assistant, update assistant, and stock assistant.

China Galaxy Securities released a research report stating that the domestic artificial intelligence industry is rapidly catching up, and domestic open-source models are expected to break through computing power and chip limitations, accelerating technological catch-up. Among them, leading internet companies are expected to achieve a latecomer advantage and realize value reassessment in the AI sector.

Driven by major internet companies, more enterprises and developers may build applications and services around DeepSeek, promoting the AI application industry chain to concentrate on core models, enhancing the overall industry's synergy and innovation capabilities.

According to Zhitong Finance APP, CITIC Securities' research report indicates that Tencent and Alibaba have released their financial reports, and they are currently still in the investment phase for AI infrastructure. Although capital expenditures may fluctuate between quarters, the overall investment intensity remains high. From the perspective of AI commercialization, the current returns from AI investments are primarily driving their own business growth, with AI capabilities already making substantial contributions to Tencent's advertising and gaming businesses; secondly, external empowerment, with Alibaba's AI-related product revenue maintaining high growth and achieving widespread application in vertical fields such as internet, retail, manufacturing, and cultural media. A positive cycle has been established where AI investment promotes growth, and growth feeds back into AI development.

Leading internet companies in Hong Kong stocks:

Tencent Holdings (00700), Alibaba-SW (09988), JD Group-SW (09618), Meituan-W (03690), Trip.com Group-S (09961), Baidu Group-SW (09888), Kuaishou-W (01024), etc

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