TCEHY - Tencent Holdings Limited
| Previous Close | 47.62 |
| Open | 0.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 4,213,953 |
| Market Cap | 452.309B |
| Beta | 1.38 |
| PE Ratio (TTM) | 37.69 |
| EPS (TTM) | 1.28 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.11 (0.23%) |
| Ex-Dividend Date | 2018-05-17 |
| 1y Target Est | 68.89 |
- Bloomberg•9 hours ago
The World’s Most Powerful App Is Squandering Its Lead
Tencent Holdings Ltd.’s strategy for expanding WeChat Pay globally is pretty straightforward: Follow the (tourism) money. Simple, elegant and actionable with WeChat Pay now accepted in 25 countries. “We don’t have a plan in the next three years to do a payments wallet outside of China, except Hong Kong and now also Malaysia,” Yin told me.
- Financial Times•18 hours ago
[$$] Chinese streaming site Douyu plans to raise $700m in US IPO
Tencent-backed Chinese entertainment company Douyu is planning a US initial public offering to raise $600m to $700m by cashing in on the esports phenomenon that is gripping China, according to bankers. Five-year-old Douyu, which streams videos including online games, had been considering a Hong Kong listing, but is now weighing up a US debut, according to one person familiar with the deal. Analysts at CBInsights value Douyu at $1.51bn, while business information provider Crunchbase said the streaming company’s total funding valued it at $1.1bn.
- Financial Times•22 hours ago
[$$] Alipay and WeBank competition heats up as China reins in leverage
’s WeBank in Shenzhen are little different. Numbers flash on an electronic board, illustrating in real time the value of various financial products on offer and the steady increase in borrowers, almost all of whom are individuals or small and medium enterprises. Both client groups lack the credit history and collateral that would make them potential customers of traditional banks.
- Reuters•2 days ago
Alibaba, Tencent in talks over stake in WPP's Chinese unit: Sky News
Chinese conglomerates Alibaba and Tencent are involved in talks to buy a minority stake in advertising giant WPP's Chinese unit, Sky News reported on Saturday, citing unidentified sources. Sky News said the firms, along with China Media Capital Holdings (CMC), were in early-stage discussions about buying roughly 20 percent of WPP China in a deal that would value the business between $2 billion and $2.5 billion. WPP, the world's biggest advertising group, is in the midst of a leadership change.
Reuters•2 days agoAlibaba, Tencent in talks over stake in WPP's Chinese unit: Sky News
Chinese conglomerates Alibaba and Tencent are involved in talks to buy a minority stake in advertising giant WPP's Chinese unit, Sky News reported on Saturday, citing unidentified sources. Sky News said the firms, along with China Media Capital Holdings (CMC), were in early-stage discussions about buying roughly 20 percent of WPP China in a deal that would value the business between $2 billion and $2.5 billion. WPP, the world's biggest advertising group, is in the midst of a leadership change.
- Quartz•4 days ago
China’s booming WeChat app universe now includes a Google mini-app
In its latest China overture, search giant Google announced Wednesday (July 18) on its Chinese blog (link in Chinese) it launched an applet called Caihua Xiaoge (猜画小歌) in China. But it’s not on Google Play—which isn’t even available in China. Instead, it lives inside the app universe created within the ubiquitous messaging app WeChat, which…
- Financial Times•4 days ago
[$$] The Chinese Communist party entangles big tech
In China, a national identity card is required for almost everything, from buying a train ticket, to opening a bank account to using an internet café. For Tencent, there is a further upside to the scheme: the owner of WeChat is becoming the repository for another vast store of data about Chinese citizens. The pilot project, due to be rolled out around the country, highlights one of the most intriguing aspects of China’s headlong push into the world of artificial intelligence and other frontier technologies: the relationship between the Chinese Communist party and the country’s ambitious and enormous tech companies.
- CNBC•4 days ago
Chinese tech giant Tencent plans to expand its US footprint — despite ongoing trade war
Tencent hinted at signing more merchants up to WeChat Pay in the U.S. despite the ongoing trade war between the U.S. and China.
- Zacks•4 days ago
Buy These 3 Stocks To Profit From 'Fortnite Battle Royale'
Fortnite helped popularize the battle royale format and is one of a growing number of games built on a free-to-play model. The game now boasts a staggering 125 million players. Here are three stocks that should benefit from its continued popularity.
Market Realist•4 days agoFund Managers Think These Trades Are Most Crowded: Time to Exit?
In the previous part of this series, we saw that fund managers have turned more positive on equities in the United States. According to a BAML (Bank of America Merrill Lynch) survey in July, FAANG plus BAT was identified as the most crowded trade for the sixth consecutive month, cited by 53% of respondents. BAML also said that this was the most crowded trade since the long US dollar in 2015.
- Motley Fool•5 days ago
3 Stocks I'm Never Selling
Amazon, Tencent, and Square are my three favorite “forever” holdings.
Reuters•5 days agoGoogle launches game on Tencent's Wechat as it eyes China market
Alphabet Inc's Google said on Wednesday it has launched an artificial intelligence (AI) game on Tencent Holdings Ltd social media app WeChat, as the company continues to show tentative signs of re-entering China's consumer market. The U.S. technology firm has been experimenting with new inroads to the China, where the majority of it products including its internet search engine, email and app store are blocked by Chinese authorities over censorship concerns.
Reuters•5 days agoGoogle launches game on Tencent's Wechat as it eyes China market
Alphabet Inc's Google said on Wednesday it has launched an artificial intelligence (AI) game on Tencent Holdings Ltd social media app WeChat, as the company continues to show tentative signs of re-entering China's consumer market. The U.S. technology firm has been experimenting with new inroads to the China, where the majority of it products including its internet search engine, email and app store are blocked by Chinese authorities over censorship concerns.
- Bloomberg•5 days ago
Tencent-Backed PDD Eyes $1.6 Billion in U.S. IPO
Pinduoduo Inc., the Chinese e-commerce operator backed by Tencent, plans to raise as much as $1.6 billion in a U.S. IPO to bankroll a fight against rivals like Alibaba. Known as PDD, Pinduoduo was founded ...
- InvestorPlace•5 days ago
5 Asian ETFs for International S&P 500 Equivalents
Many regard the 21st century as the “Century of Asia.” As America has seen a relative decline, nations — such as China and India — growing their middle classes have placed Asia in a more influential position. Many companies within these countries have also contributed this rise. Although some trade in the U.S. as ADRs, most of these companies trade on the over-the-counter markets, if they trade at all. Fortunately, the ones not trading directly in the U.S. can be found in Asian ETFs.
InvestorPlace•6 days agoWhat Does the Tencent Music IPO Mean for Apple and Spotify?
Last week, Tencent (OTCMKTS:TCEHY) announced that it plans to sell shares in its Tencent Music Entertainment (TME) segment in the form of a U.S. IPO. Clearly the company has seen some of the success that others have found in the U.S. lately. The most relatable is Baidu (NASDAQ:BIDU), which used a U.S. IPO for its iQiyi (NASDAQ:IQ) segment.
- Fortune•6 days ago
Yahoo Co-Founder Jerry Yang Says He’s the Luckiest Person Alive
A chance meeting in 1997 between Jerry Yang and Jack Ma made Yahoo a fortune.
Bloomberg•6 days agoTencent-Backed PDD Eyes $1.6 Billion in Latest Mega Tech IPO
Pinduoduo Inc., the Chinese e-commerce operator backed by Tencent Holdings Ltd., plans to raise as much as $1.6 billion in a U.S. initial public offering to bankroll a fight against rivals like Alibaba. The Shanghai-based firm is offering 85.6 million American Depositary Shares at $16 to $19 apiece, it said in a stock exchange filing. Tencent, the leader in Chinese social media and gaming, and existing shareholder Sequoia Capital both expressed interest in buying $250 million worth of stock, the company added.
- TechCrunch•6 days ago
Apple's App Store revenue nearly double that of Google Play in first half of 2018
Apple's App Store continues to outpace Google Play on revenue. In the first
- InvestorPlace•7 days ago
Buy Tencent Stock on Overblown Trade-War Fears
There is no question as to what headline will drive this year’s summer trading volatility: the potential for a trade war between the United States and China. This has been the lead story since the calendar flipped to June, as tweets and off-hour remarks from President Trump have led to increased gyrations and some sizable one-day sell-offs. In fact, the Shanghai Index, which tracks mainland Chinese companies, has entered into a bear market.
- Motley Fool•9 days ago
Meituan Seeks $60 Billion Valuation With Upcoming IPO: What Investors Need to Know
Yet another Chinese internet unicorn is going public -- here’s the skinny on one of the world's largest start-ups.
- Zacks•10 days ago
Zacks Value Investor Highlights: Alibaba, Ctrip.com, Tal Education, Tencent and JD.com
Zacks Value Investor Highlights: Alibaba, Ctrip.com, Tal Education, Tencent and JD.com
- Financial Times•10 days ago
[$$] Euphoria around China tech clashes with reality
this week in Hong Kong has cast a lengthy shadow over the listing prospects for other Chinese tech groups and the boom in private valuations enjoyed by the sector. The cost of funds for investors has risen as much as 2 percentage points.
- Investopedia•10 days ago
Tech and Media Biggest Value Creators in Last 5 Years: BCG
Tech and media stocks made investors a lot of money over the past five years. According to a global study from the Boston Consulting Group (BCG), the nine of the 10 large companies that generated the highest shareholder returns from 2013 to 2017 all belonged to one of those two sectors. Chipmaker Nvidia Corp. ( NVDA) came out on top, followed by subscription service Netflix Inc. ( NFLX), semiconductor specialist Broadcom Inc. ( AVGO), China’s internet service portal Tencent Holdings Ltd. (TCEHY) and social network Facebook Inc. ( FB).
Bloomberg•10 days agoHedge Funds Turn to These Tiny Stocks That Have Been Quietly Surging
Chinese tech giants aren’t the hot hedge fund favorites they once were. Alibaba and Tencent are giving way to a new crop of top picks: smaller non-Chinese companies that have been quietly surging even as valuation worries and market jitters have weighed down the behemoths. Among the winners are Taiwan’s Wiwynn Corp. and Yageo Corp., whose shares have more than tripled in 2018, and San Mateo, California-based Coupa Software Inc., whose shares have doubled.
