TCEHY - Tencent Holdings Limited
| Previous Close | 39.68 |
| Open | 39.05 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 38.26 - 39.18 |
| 52 Week Range | 31.54 - 61.00 |
| Volume | 3,643,139 |
| Avg. Volume | 5,692,620 |
| Market Cap | 365.607B |
| Beta (3Y Monthly) | 1.47 |
| PE Ratio (TTM) | 28.49 |
| EPS (TTM) | 1.36 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.11 (0.28%) |
| Ex-Dividend Date | 2018-05-17 |
| 1y Target Est | 45.93 |
TechCrunch•11 hours agoTencent Music sued by investor ahead of $1.2 billion US IPO
China's largest music streaming service has had a whirlwind year. With 800 million monthly users across multiple apps and a profitable business, Tencent Music Entertainment is gearing up for one of this year's most anticipated initial public offerings in the US. Last week, Chinese investor Hanwei Guo accused TME's co-president of using misinformation, threats and intimidation to compel him to sell his equity stakes in Ocean Music, which eventually became part of TME after Tencent's QQ Music and China Music Corporation merged in 2016.
- TechCrunch•14 hours ago
Tencent-backed fleet manager G7 racks up $320M in funding
A sizable funding round is poised to heat up a race to automate China's logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to drive technological development, bringing its total capital raised to around $500 million. G7, which runs a proprietary connected platform for trucks, shippers, fleet manager and drivers, received the proceeds from lead investor HOPU Investments, one of the most high-profile private equity firms in China.
- Market Realist•2 hours ago
How Apple Avoided an iPhone Ban in India
Apple (AAPL) has accepted an Indian government–sponsored anti-spam app into the App Store after a long negotiation, thereby avoiding an iPhone ban in the country. For a few years, there’s been a standoff between India’s telecommunications industry regulator and Apple over an app that’s designed to shield Indian consumers from unwanted calls and text messages.
- Zacks•4 hours ago
A Gaming Ethics Panel is Welcome News for China's TCEHY, NTES
China appoints online video games ethics committee to review games, brightening chances of the resumption of the approval process.
- Moody's•8 hours ago
Alibaba Group Holding Limited -- Moody's: China's fintech sector has grown fast, supporting economic expansion
Moody's Investors Service says that online financial services in China have grown rapidly, driven by the increased availability of third-party (non-bank) platforms, which are vehicles for making loans, especially to consumers and small businesses, and also function as distribution channels for financial products. "This growth supports financial deepening and increases access to financial services, thereby helping support China's continued economic expansion," says Lina Choi, a Moody's Vice President and Senior Credit Officer. "At the same time, online platforms have suffered relatively high default rates, leaving their stakeholders with substantial losses, but do not pose a significant threat to China's financial system stability because their lending accounts for only a small portion of total outstanding debt in the country," says Lillian Li, a Moody's Vice President and Senior Analyst.
- Reuters•12 hours ago
China sets up online games review panel, raises approval resumption hopes
Chinese regulators have set up an online video games ethics committee that has already reviewed 20 titles, state media said, raising hopes the government was preparing to resume an approval process that has been frozen for most of this year. China, the world's biggest gaming market, stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent and leading to myopia as well as addiction among young users. The freeze on new approvals has pressured gaming-related stocks and clouded the outlook for mobile games, with industry leader Tencent Holdings reporting its first profit decline in more than a decade in the June quarter.
- Reuters•12 hours ago
China sets up online games review panel, raises approval resumption hopes
Chinese regulators have set up an online video games ethics committee that has already reviewed 20 titles, state media said, raising hopes the government was preparing to resume an approval process that has been frozen for most of this year. China, the world's biggest gaming market, stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent and leading to myopia as well as addiction among young users. The freeze on new approvals has pressured gaming-related stocks and clouded the outlook for mobile games, with industry leader Tencent Holdings reporting its first profit decline in more than a decade in the June quarter.
- Bloomberg•16 hours ago
Music Giant Backed by Pony Ma Is Poised to Spin New Billionaires
Co-presidents Xie Zhenyu and Xie Guomin are on the brink of becoming billionaires as Tencent Music Entertainment Group prepares a public stock offering in New York that may value the company at $24.5 billion. Edmond Lococo, an external spokesman for Tencent Music, said the company declined to comment on their net worth. Tencent’s growth in China mirrors inroads by Spotify in the U.S., where streaming has helped music sales grow at their fastest rate since the 1990s.
- Bloomberg•16 hours ago
Music Giant Backed by Pony Ma Is Poised to Spin New Billionaires
Co-presidents Xie Zhenyu and Xie Guomin are on the brink of becoming billionaires as Tencent Music Entertainment Group prepares a public stock offering in New York that may value the company at $24.5 billion. Edmond Lococo, an external spokesman for Tencent Music, said the company declined to comment on their net worth. Tencent’s growth in China mirrors inroads by Spotify in the U.S., where streaming has helped music sales grow at their fastest rate since the 1990s.
- Benzinga•23 hours ago
IPO Outlook For The Week: Tencent Music, Mobile Homes And A Fintech Company
For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . IPO dates below are expected but not confirmed. Tencent Music Entertainment Group (TME) will issue 82 million shares between ...
- The Wall Street Journal•3 days ago
[$$] China’s Freeze on New Videogames Begins to Thaw
BEIJING—Chinese regulators set up a new committee to review online games, in a step videogaming industry executives and consultants said presaged an end to a crippling freeze on new game approvals. State media reported the new “online game ethics committee” on Friday, and industry executives said the news caught them by surprise. The ethics committee, which falls under the Communist Party’s Propaganda Department, will review games for content and set out guidelines for companies on how to “abide by social morality,” according to a Friday report from Xinhua News Agency.
