Citi analyst Alicia Yap forecasts that the profound integration of DeepSeek with WeChat and Tencent Cloud services will spur cloud usage demand, subsequently elevating Tencent's enterprise services revenue. Furthermore, it is envisaged that the 'Yuanbao' application will fortify user engagement on WeChat, propelling search advertising revenue growth from 2025 onwards. On this basis, she has commenced a 90-day positive catalyst watch on Tencent.
