Tencent Tests Native AI Assistant Xiaowei in WeChat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: Newsfilter
- AI Assistant Testing: Tencent is testing its native AI assistant Xiaowei on a small scale within WeChat, allowing users to interact via text or voice, enhancing social functionalities and launching mini-programs, aimed at improving user experience and increasing engagement.
- Market Competition Strategy: This initiative is part of Tencent's strategy to challenge rivals like Alibaba in the fiercely competitive Chinese AI market, leveraging WeChat's 1.4 billion monthly active users to expand the use of its AI services and create new revenue streams.
- User Base Advantage: With over 1.4 billion users on WeChat and Weixin, Tencent has the opportunity to attract a large number of users to its AI services by integrating AI tools into this essential daily app, thereby enhancing market share and user activity.
- Technological Integration Outlook: Although Tencent has not disclosed specific capabilities or underlying AI models for Xiaowei, its plans for further AI integration indicate a strong focus on the potential of digital assistants, which could drive long-term growth in the AI sector.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 104.970
Low
180.00
Averages
203.09
High
230.00
Current: 104.970
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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