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On February 17, Tencent's shares soared by 7.8% at their peak, but by the end of trading, the increase slowed to 4%. Bloomberg highlights that the decision to integrate DeepSeek's AI into the WeChat search messenger has increased investor confidence in Tencent's future. Shares of Tencent have increased by over 70% in the last year due to the company's successful game launches, the agency reports.
At the same time, shares of Baidu Inc.’s competitor Tencent, which is also integrating DeepSeek into its search engine, dropped by as much as 8.8%, according to Bloomberg. By the end of trading, the decrease had slowed to 7%. The newspaper reports that this is partially because investors are securing profits before the earnings report scheduled for February 18.
Reuters links the decline to the absence of Baidu founder Robin Li, as reported by the agency's sources, during Xi Jinping's gathering with executives of major Chinese firms. Reuters estimates that Baidu's market value decreased by $2.4 billion.
source: bloomberg.com, reuters.com
At the same time, shares of Baidu Inc.’s competitor Tencent, which is also integrating DeepSeek into its search engine, dropped by as much as 8.8%, according to Bloomberg. By the end of trading, the decrease had slowed to 7%. The newspaper reports that this is partially because investors are securing profits before the earnings report scheduled for February 18.
Reuters links the decline to the absence of Baidu founder Robin Li, as reported by the agency's sources, during Xi Jinping's gathering with executives of major Chinese firms. Reuters estimates that Baidu's market value decreased by $2.4 billion.
source: bloomberg.com, reuters.com
