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.