Citigroup says Tencent's Xiaowei could become China's leading agent-style AI assistant by leveraging WeChat's large user base, social graph and mature mini-program commerce ecosystem. As AI agent commercialization accelerates, Citigroup sees Xiaowei monetizing via transaction-sharing and advertising, expanding long-term revenue potential. Citigroup maintains a Buy rating on Tencent with a PT of HK$765, implying notable upside to Thursday's close.

2026-09-25

Citigroup says Tencent's Xiaowei could become China's leading agent-style AI assistant by leveraging WeChat's large user base, social graph and mature mini-program commerce ecosystem. As AI agent commercialization accelerates, Citigroup sees Xiaowei monetizing via transaction-sharing and advertising, expanding long-term revenue potential. Citigroup maintains a Buy rating on Tencent with a PT of HK$765, implying notable upside to Thursday's close.