On July 8, Tencent Holdings rose 3.34% in regular trading, trading at 473.0 HKD/share with turnover of 6.433 billion HKD, extending the prior session's gains.
On the news front, Tencent sold approximately 273 million Kuaishou Class B shares via off-market block trade on July 6, reducing its stake from 15.68% to 9.37% and cashing out roughly 12.5 billion HKD. Simultaneously, Tencent led Kuaishou's Kling AI nearly $3 billion first-round financing. The market interprets this as a strategy of selling Beta to buy Alpha in AI capital reallocation.
Additionally, Tencent officially released and open-sourced its Hunyuan Hy3 large model featuring 295B total parameters with MoE architecture. Bank of America noted actual performance exceeded expectations. Bernstein highlighted that Tencent's AI agent commercialization path is becoming clearer through WeChat's transaction ecosystem. Multiple brokerages maintained positive ratings with targets ranging from 619 to 666 HKD. Northbound capital added over 5.1 billion HKD in Tencent over three consecutive sessions, further reinforcing bullish sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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