Citigroup: Tencent WorkBuddy momentum strong, maintains 'Buy' rating

robot
Abstract generation in progress
Golden Finance reported that on July 7, Citigroup released a research report stating that according to the latest industry data, Tencent's AI agent product WorkBuddy has reached 20 million cross-platform monthly active users (MAU) and over 13 million daily active users (DAU), with a DAU/MAU ratio between 65% and 75%. Considering the product has only been launched for a few months, the user stickiness and daily engagement are strong. Citigroup quoted Tencent management as saying that based on WorkBuddy's daily active users, Tencent has taken the lead among Chinese peers in the field of AI agent deployment. Early user data shows strong organic growth for CodeBuddy and WorkBuddy, along with high retention rates. Early users interact with AI agents for long periods and with high frequency, forming a virtuous cycle. It is expected that AI products will become a key revenue source for Tencent Cloud. The bank believes that WorkBuddy's success demonstrates the strength of Tencent's ecosystem, the synergy among various productivity tools, and user trust in Tencent's products and security. Citigroup maintains a "Buy" rating on Tencent with an unchanged target price of HKD 763.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned