|Bid||338.000 x 0|
|Ask||338.200 x 0|
|Day's Range||337.400 - 343.800|
|52 Week Range||251.400 - 475.600|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||37.13|
|Earnings Date||Mar 21, 2019|
|Forward Dividend & Yield||0.88 (0.26%)|
|1y Target Est||388.16|
Feb.18 -- China’s tech giants are pushing for more changes from Hong Kong when it comes to IPOs. This comes barely a year since the Hong Kong market amended its rules to attract more listings. Bloomberg’s Lulu Chen reports on “Bloomberg Daybreak: Asia.”
China’s long-awaited plan to create a high-tech megalopolis on its southern coastline rivaling California’s Silicon Valley generated optimism among Hong Kong’s business community even as key details remain unclear. The blueprint for the Greater Bay Area linking China’s southern coastal cities with Hong Kong and Macau, a signature policy of President Xi Jinping first articulated in 2017, boosted stocks after it was published late Monday. It said the government would turn the area into a leading global innovation hub, boost infrastructure connectivity and strengthen Hong Kong’s role as an international center of finance, shipping, trade and the offshore yuan business.
Tencent Holdings (OTC: TCEHY) is in talks to bring Electronic Arts Inc. (NASDAQ: EA)’s new U.S. hit "Apex Legends" to China, the South China Morning Post reported Friday. The move would give Tencent a video game distribution trifecta in China: the company already distributes "Fortnite" and PUBG Corp.’s "PlayerUnknown’s Battlegrounds." All three are “battle royale” games, which are the type of multiplayer online environments that are seen by observers as central to the future of the industry. The phenomenal early success of "Apex Legends" — it drew 25 million players its first week — has bolstered EA’s stock in recent days, bucking difficulties for the industry, which has seen stock volatility amid lackluster earnings reports.
E-commerce giant Alibaba is continuing its push into the world of youthculture after it scooped up an 8 percent stake in anime streaming and gamepublishing company Bilibili
A new report from a team of researchers at The University of Hong Kong's Journalism and Media Studies Centre, examined the most sensitive topics subject to censorship on Tencent's WeChat platform in 2018.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Looking at Tencent Holdings Limited's (HKG:700) earningsRead More...
The march of so-called Big Tech into financial services could pose a bigger threat to banks than upstart fintech specialists, warranting scrutiny for threats to financial stability, a global regulatory body said on Thursday. While the report by the Financial Stability Board (FSB) stops short of recommending specific regulatory reform, it adds to widening scrutiny of Big Tech players, such as Alibaba, Google and Amazon, already under the gun from politicians over their market clout and use of consumers' data. "The competitive impact of Big Tech may be greater than that of fintech firms," the report said.
has invested for the first time in social news and discussion site Reddit, putting in $150 million in a round that values Reddit at $3 billion. In all, Reddit raised $300 million in its recent Series D funding round from Tencent, Sequoia, Fidelity and Andreessen Horowitz, with the latter three having invested previously. Reddit was valued at $1.7 billion in its previous funding round in 2017.
Tencent Music stock rose Tuesday as coverage was initiated on the recent Tencent Holdings spin-off with a rating of outperform. Tencent Music dominates China's music market.
SAN FRANCISCO (AP) — Social media service Reddit Inc. says it has raised $300 million in a financing round led by Chinese internet giant Tencent.
Revenue from the country fell 22 percent in the December quarter and it forecast a “low teens” to “high teens” percentage drop in the January to March period. Nexon generates roughly half of its sales from the world’s second-largest economy, where Tencent distributes its popular PC title Dungeon & Fighter.
Finnish mobile game maker Supercell reported a 26 percent drop in 2018 core profit on Tuesday due to falling revenue for its ageing hit games Clash of Clans and Clash Royale. Supercell, founded in 2010 and valued in 2016 at around $10 billion, grew for years on the back of the success of its few hit games. Its biggest hit, Clash of Clans - the world's fourth-largest game in 2018 - was launched in 2012.
Reddit Inc.’s decision to allow Tencent Holdings Ltd. onto its shareholder list has the U.S. bulletin-board social-media site aflame with criticism, backlash and Winnie the Pooh memes. If you’ve never visited Reddit before, click here for a video and discussion of Tank Man who famously stood up against China’s military during the Tiananmen Square crackdown, or slide over here for a meme about Christopher Robin’s beary friend and the president of China. Arguing that a single-digit percentage stake in Reddit will allow Tencent to rein in vociferous Redditors is a disservice to the U.S. site’s community.
Reddit Inc., the discussion forum known for its “ask me anything” online town halls with celebrities and politicians, was valued at $3 billion after a new financing round that brought in Chinese internet giant Tencent Holdings Ltd. as an investor, according to a person familiar with the deal. The investment by Tencent comes at a time when Chinese tech companies’ deepening involvement in U.S. startups is drawing ever more scrutiny, including plans from President Trump to be announced later this week that would limit some Chinese companies from investing in U.S. tech firms. Reddit, home to anonymous superfan communities dedicated to videogames, politics, TV shows and wildly diverse hobbies, has gained a reputation as a rowdy platform where the quirky and unpopular are welcome.
It was one backer, in particular, that drew condemnation from members of Reddit’s online community. Chinese internet giant Tencent Holdings Ltd. was among the investors in the round, which values the link-sharing website at $3 billion. Reddit users swarmed several of the submissions, pushing them to the list of most popular posts.
The series D funding round saw a $150 million investment from Tencent and the company's former investors, including Sequoia, Fidelity, Tacit and Snoop Dogg. The investment from a China-based company, news of which started making the rounds around five days ago, quickly ignited censorship fears on Reddit, which calls itself the "front page of the internet." Reddit is banned in China under the country's censorship laws. Barring the latest funding, San Francisco, California-based Reddit has raised more than $250 million in three other funding rounds.
Last week TechCrunch reported that Reddit was raising $150 million fromChinese tech giant Tencent and up to $150 million more in a Series D thatwould value the company at $2
Reddit raises $300 million at a $3 billion valuation. Investors include Tencent, Sequoia, Fidelity and Andreessen Horowitz. CEO Steve Huffman says the company will use the investment to improve Reddit's website and work to take digital ad market share away from Facebook and Google.
Meanwhile, Activate projects that by 2021 eSports will have more US viewers than all other professional sports leagues, with the exception of the NFL. Seeing the future shift in sports and eSports, Robert Kraft of the New England Patriots, Jeff Wilpon of the New York Mets and the LA Rams’ Stan Kroenke invested heavily into their own franchises within Activision Blizzard’s Overwatch eSports league.