CMB International: Tencent Holdings (00700.HK) subordinates Tencent Cloud clearly builds two major direction of strategic engines, intelligent and globalized.

According to the information obtained by the Wise Finance app, CMB International released a research report stating that at the Tencent Global Digital Ecosystem Conference in 2025, Tencent Holdings (00700.HK) announced that Tencent Cloud, a subsidiary, will focus on two strategic directions: intelligence and globalization. Looking ahead in the medium to long term, the bank is optimistic about the demand for AI products and overseas business becoming important drivers of revenue growth for Tencent Cloud. Therefore, it maintains a "buy" rating with a target price of 705 Hong Kong dollars.