Reported 4 days ago
Tencent Holdings Ltd. saw its shares climb to their highest level since 2021 after the debut of DeepSeek, an AI service, on WeChat. The integration of DeepSeek is boosting Tencent's confidence, following a strong year in gaming. Conversely, Baidu, a competitor also working with DeepSeek, experienced an 8.8% drop amid profit-taking before its earnings report. The surge in Tencent's stock reflects a broader optimism in Chinese tech, spurred by government support for the private sector and advancements in AI.
Source: YAHOO