|Day's Range||274.00 - 278.20|
|52 Week Range||167.00 - 280.60|
|PE Ratio (TTM)||56.42|
|Dividend & Yield||0.08 (0.22%)|
|1y Target Est||N/A|
Tencent Holdings is courting luxury fashion brands to WeChat, China’s most popular messaging app, potentially opening a new channel in online retail.
Tencent and NetEase dominate China’s online games market and they’re betting new games will help win the battle for eyeballs and power their earnings to a new level. China has overtaken the U.S. to become the world’s largest online gaming market. Sales of online games have grown in China at an average 28% annual pace since 2011 to $26 billion last year.
Alibaba Group Holding Ltd. and its financial services affiliate plan to lead an investment round of at least $1 billion in Ele.me, one of the largest players in a crowded Chinese food-delivery service ...