HONG KONG, June 24, 2026, 20:22 (HKT)
- Tencent ended up 3.38% at HK$428.80. Reports earlier said the company’s WeCom app is running a limited rollout of Dayuan, the new AI agent powered by DeepSeek V4.
- The company reported a share buyback on June 24, repurchasing 1.183 million shares for HK$500.7 million.
- Tencent’s test puts WeCom up against Alibaba’s DingTalk and ByteDance’s Lark in the workplace software space.
Tencent Holdings Limited closed up 3.38% at HK$428.80 in Hong Kong trading on Wednesday. That move outpaced the Hang Seng Index, which rose 0.33%. Tencent shares had climbed as much as 6% earlier in the session, the biggest one-day jump in about three weeks, The Edge Singapore reported, citing Bloomberg.
June 24 was a normal trading day on HKEX. According to the exchange’s 2026 holiday circular, the market will close on June 19 for Tuen Ng Festival and again on July 1 for HKSAR Establishment Day. HKEX says its full-day closing auction picks a random end time between 4:08 p.m. and 4:10 p.m.
Tencent is getting ready to bring Dayuan, an AI agent, to WeCom, its business version of WeChat. Unlike a chatbot that just replies, the agent can handle instructions and do tasks. Tencent has started limited rollouts to some users. It runs on DeepSeek’s V4 model, according to a social post from Zhang Jun, who leads Tencent PR, The Edge Singapore reported.
Tencent jumped more than 5% in afternoon trading after news spread that Dayuan, an AI agent being tested, can scan a corporate user’s group chats, email and calendars to automate daily briefings and weekly reports, according to a screenshot Zhang posted. That’s according to HK01 citing Bloomberg.
WeCom is up against DingTalk from Alibaba and Lark from ByteDance in China. These workplace apps are important as they connect firms to the large cloud platforms selling AI and office tools. WeCom is tied straight into WeChat’s consumer network, which gives it an advantage.
Tencent is still working to catch up with Chinese AI rivals that have moved faster. Last month, Pony Ma, co-founder and CEO, said, “A year ago we thought we were on the boat, then we found it was leaking.” In May, Ma said Tencent had seen “significant initial progress” on fresh AI products and that its productivity AI agents had “early traction.” South China Morning Post
Tencent posted first-quarter revenue of RMB196.5 billion, a 9% rise from last year. Capex came in at RMB31.9 billion, up 16%. Marketing services revenue jumped 20%, with the company citing growth from AI-powered ad recommendation models. Weixin and WeChat ended March with 1.432 billion monthly active users.
Tencent continued its share buyback. In a filing from June 24, the company said it bought back 1.183 million shares on the exchange, paying between HK$414 and HK$439 apiece. The buyback cost Tencent HK$500.7 million. The shares will be cancelled.
Tencent eyes more than just AI shifts. Bloomberg said Tencent is considering selling some Japanese gaming stakes, like its holding in Marvelous. The Star said Kadokawa, parent of FromSoftware and PlatinumGames, is not involved. Tencent called video games “core to Tencent’s business” in a statement. The Star
But execution is still key. Tencent’s WeCom launch is only with some users, and the company hasn’t set a public date for its broader WeChat AI agent. AI efforts have also lifted spending. If business users are slow to pick up the new tools, higher costs could hit margins.
