|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||58.960 - 59.390|
|52 Week Range||28.450 - 61.000|
|PE Ratio (TTM)||58.34|
|Forward Dividend & Yield||0.08 (0.13%)|
|1y Target Est||N/A|
Tech firms Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd.—aka the BATs—have conquered e-commerce and mobile payments on smartphones and now are moving onto their next platform, cars.
Tencent Holdings stock has posted jet-fueled growth over the last 13 years, and there's reason to think there's still gas in the tank.
Last month, as part of its push to drive cross-border trade on its platforms, JD.com (JD) opened a regional headquarters for Australia and New Zealand in Melbourne, Australia. The move for a regional office in Australia came at a time when JD was seeing strong demand for Australian and New Zealand products on its e-commerce sites. China’s expanding middle-class population is driving demand for high-quality imported products, and JD and its rival Alibaba (BABA) are making efforts to meet this demand.
A dual listing woiuld provide Chinese companies the option of raising money domestically and help boost their profile at home.
Film production and digital entertainment is Alibaba’s (BABA) second-largest business, but it accounts for less than 10% of the company’s overall revenue. Alibaba’s entertainment business generated $832 million in revenue in fiscal 3Q18 (the quarter that ended in December 2017), representing a rise of 33%. The entertainment business contributed 6.5% of BABA’s overall revenue in the quarter.
Visa, AbbVie and Tencent are in different fields but have very similar stock charts, reflecting the action of the major averages.
The body that represents some of the leading independent record labels has struck licensing deals with five of China’s biggest streaming services, the latest sign that the country is becoming an increasingly ...
Today, I will be analyzing Huayi Tencent Entertainment Company Limited’s (SEHK:419) recent ownership structure, an important but not-so-popular subject among individual investors. Ownership structure has been found to have anRead More...
From time to time, Advanced Micro Devices, Inc. (NASDAQ:AMD) is the subject of buyout rumors. And, yes, the latest rumor bubbled up last week. AMD stock did climb — and so did the volume. But for the most part, it looks like it was another false alarm.
Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Ofo claims that this is the largest amount raised in a round by a bike-sharing company so far.
Recent moves by Facebook (FB) and Google suggest they may have growing interest in expanding in China. Facebook co-founder and CEO Mark Zuckerberg has made a number of appearances in China, leading to speculation.
Alibaba, Tencent, JD.com, YY and 58.com, highly rated Chinese internet companies, now have proper bases and buy points. Let's look at the stock charts.
In 2018, China intends to improve supervision of its financial sector, according to an annual work report released recently by the country’s head of government, Li Keqiang. The report also included projections for growth and inflation in 2018, with China expecting its economy to expand ~6.5%. As part of China’s increasing supervision of its financial sector to reduce risks, it is expected to continue its crackdown on Internet finance and shadow banking, the practice of providing financial services under unregulated conditions.
March 12 (Reuters) - Beijing Enlight Media Co Ltd : * SAYS TO SELL ITS ENTIRE 27.6 PERCENT STAKE IN NEW CLASSICS MEDIA FOR 3.3 BILLION YUAN ($521.45 million) TO LINZHI TENCENT TECHNOLOGY Source text in ...
Cloud computing is transforming the way companies across the world do business. But in China , it is playing an even more transformative role: the country’s biggest consumer-oriented companies are increasingly ...
A weekly recap of some of the most interesting venture capital deals, funds and start-ups.
The China internet growth narrative (the story of China’s massive working class urbanizing and digitizing, getting phones and social media accounts, and doing online shopping) has been on fire for the past several years. While the likes of Alibaba Group Holding Ltd (NYSE:BABA), JD.Com Inc (ADR) (NASDAQ:JD), Tencent Holdings Ltd (OTCMKTS:TCEHY), Weibo Corp (ADR) (NASDAQ:WB) and Baidu Inc (ADR) (NASDAQ:BIDU) were roaring to new highs in the back-half of 2017, MOMO stock was plunging to 12-month lows on China regulation concerns.
Baidu (BIDU) is one of Ele.me’s investors. Baidu sold its delivery business to Ele.me last year, and that transaction gave it a stake in the food-delivery service. If Baidu agrees to sell its stake in Ele.me to Alibaba, the move would mark its exit from one of the most fiercely contested sectors in China’s digital economy.