|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||44.43 - 45.51|
|52 Week Range||37.92 - 74.70|
|Beta (5Y Monthly)||0.46|
|PE Ratio (TTM)||14.69|
|Forward Dividend & Yield||0.20 (0.45%)|
|Ex-Dividend Date||May 19, 2022|
|1y Target Est||N/A|
Subscribe to Yahoo Finance Plus to view Fair Value for TCEHY
Chinese tech giants like Tencent Holding Ltd (OTC: TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the sector. Latest layoffs have extended to the companies' core businesses following China's stringent Covid loc
The latest round of job cuts at Chinese tech giants comes even as Beijing signals an easing of its regulatory campaign against the tech sector.
Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and "self-regulate" their activities in the market, Chinese state media reported on Thursday. The companies were among 30 firms and institutes that have agreed to the "Digital Collectible Industry Self-Discipline Development Initiative" in which they will help prevent secondary trading and speculation in digital collectibles, according to a report by the Shanghai Securities News. Digital collectibles in the form of non-fungible tokens (NFT) have become widely popular across the globe in recent years, in large part thanks to an active if not highly speculative secondary market.