TCEHY - Tencent Holdings Limited
| Previous Close | 50.20 |
| Open | 50.05 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 49.49 - 50.05 |
| 52 Week Range | 31.54 - 54.84 |
| Volume | 2,029,621 |
| Avg. Volume | 3,354,827 |
| Market Cap | 464.27B |
| Beta (3Y Monthly) | 1.11 |
| PE Ratio (TTM) | 36.59 |
| EPS (TTM) | 1.36 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.13 (0.28%) |
| Ex-Dividend Date | 2019-05-16 |
| 1y Target Est | 54.42 |
- Zacks•3 hours ago
Tencent Holding (TCEHY) Dips More Than Broader Markets: What You Should Know
Tencent Holding (TCEHY) closed at $49.58 in the latest trading session, marking a -1.24% move from the prior day.
Market Realist•9 hours agoWhy Nintendo Stock Surged More than 14% on April 22
The Latest on the NASDAQ, Amazon, Samsung, and Tencent(Continued from Prior Part)Nintendo is finally entering China Nintendo (NTDOY) recently announced that it’s selling its Switch console in China in partnership with gaming giant Tencent (TCEHY).
- InvestorPlace•10 hours ago
The Rally in JD Stock Is Running out of Momentum
China's ecommerce powerhouse, JD.com (NASDAQ:JD), has been a magnet for controversy lately. And this has certainly had an impact on the company's shares. From June 2018 to November, JD stock went from $43 to $19. But then there has been a powerful rally. Note that JD is now at about $30.Source: Daniel Cukier via FlickrNo doubt, one of the reasons for the volatility has been the company's founder and CEO, Richard Liu. About four months ago, while he was visiting Minneapolis, a student from China accused him of rape. Liu was arrested but the charges have since been dropped.But the controversy is far from over. The student has recently filed a lawsuit against Liu. There has also emerged a protest against him, with a petition signed by hundreds of people on social media platforms like Tencent's (OTCMKTS:TCEHY) WeChat.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt It's far from clear what will happen with the suit. Yet despite the run-up in JD stock this year, there appears to be concern with he leadership of Liu. It also does not help that Liu referred to some of his workers as "slackers" and that they are not his "brothers" (yes, this is probably something that won't get good ratings on Glassdoor.com).This was in response to the emerging discontent in China regarding long work hours. It is called "996," which is a six day work week that has a daily schedule from 9 am to 9 pm.Oh, and something else: JD.com appears to be in the midst of layoffs that could come to 8% of the workforce. There have also been departures of top executives, such as chief technology officer Chen Zhang and public affairs officer Ye Lan.Now a restructuring is probably a good move, as the logistics platform is costly. In light of this, the company has also been looking at automation like robots. Yes, this is similar to the strategy of Amazon.com (NASDAQ:AMZN). But then again, this company has the advantage of the hugely profitable AWS platform. JD Stock and GrowthAnother issue for JD is the slowing of the Chinese economy. President Trump's trade policies have taken a toll. It is also getting tougher for China's economy to churn out growth because of its enormous size.But it is important to note that JD has been experiencing a deceleration for quite some time. From 2015 to 2018, the revenue growth has gone from 55% to 31%. In fact, as of Q1, it has dropped to 17%.What's going on? Well, the ecommerce market in China is highly competitive. For example, this week Amazon.com indicated that it will close its Chinese online marketplace.However, JD.com's situation may be a case of execution as well. After all, even though Alibaba (NYSE:BABA) is much larger, the growth ramp was still a sizzling 41% in the latest quarter. Bottom Line on JD StockI think the prospects for ecommerce in China remain bright. A big driver is the growth in the middle class, which is expected to hit a whopping 780 million within six years. And estimates are that the spending on ecommerce will jump from $470 billion in 2018 to $839.54 billion by 2021.So this should be great for JD stock, right? Yes, this is true, but the problem is that the company appears to be the in retrenchment mode, which is probably resulting in lower morale. What's more, the valuation is far from cheap, with the forward price-to-earnings multiple on 31X. Note that the current stock price is essentially in-line with the Street's consensus price target.To put this into perspective, BABA is at 27.6X, even though it is growing much faster and has a more diverse set of revenue streams. In other words, if you want to play the ecommerce trends in China, BABA looks like the better option right now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The Rally in JD Stock Is Running out of Momentum appeared first on InvestorPlace.
- Reuters•21 hours ago
Tencent-backed China online healthcare venture raises $250 mln
China's Tencent Trusted Doctor, a venture backed by tech giant Tencent Holdings , said it has raised $250 million in a fundraising round, as investors pile into China's online private healthcare sector. The fundraising marked the first investment since the entity was formed through a merger of Tencent Doctorwork and Trusted Doctors last year. Tencent Trusted Doctor is among a number of technology-driven firms looking to shake up China's overburdened public healthcare market, with increasingly affluent consumers willing to pay for more convenient access to doctors and health services.
- Reuters•yesterday
BRIEF-Tencent Trusted Doctors raises $250 Mln In Fundraising Round Led By Country Garden, Tencent, Sequoia
April 24 (Reuters) - Tencent Trusted Doctors: * SAYS RAISES $250 MILLION IN FUNDRAISING ROUND LED BY COUNTRY GARDEN, TENCENT, SEQUOIA Further company coverage: (Reporting by Hong Kong newsroom)
- MarketWatch•yesterday
5 ways to cash in as ‘e-sports’ becomes more popular than pro football
JEFF REEVES'S STRENGTH IN NUMBERS Picture this scene: High-priced athletes with their faces set in grim determination, screaming fans showing loyalty with branded gear, millions of people watching at home.
- CorpGov.com•yesterday
EXCLUSIVE: Alibaba’s IR Head Outlines Measures to Maintain “Peerless” Corporate Governance
Rob Lin, Head of Investor Relations at Alibaba Group By John Jannarone Government regulations have required many Chinese technology companies to adopt a unique legal structure when listing shares in the U.S., and a number of bad actors have left some investors worried about how much protection shareholders really have. In a move that should […]
Reuters•yesterdayChina's Tencent backs Argentina mobile banking startup Uala
Chinese tech giant Tencent Holdings Ltd has invested in Argentine mobile banking service Uala, which also counts George Soros and Point72 Ventures LLC among its investors, the start-up's founder said. Uala founder Pierpaolo Barbieri said the company planned to collaborate with the Chinese social media-to-gaming giant to further develop its app. Chinese tech firms have been ramping up their interest in Latin America, from ride-hailing company Didi Chuxing to telecoms firm Huawei and search engine Baidu Inc.
- Bloomberg•2 days ago
Tencent Joins Soros and Cohen With Stake in Argentina's Uala
The equity investment will be used to continue developing the fintech company in South America’s second-largest economy, according to founder and CEO Pierpaolo Barbieri. The venture is one of Tencent’s few in Latin America, after it announced a $90 million investment in Brazil’s Nubank last October.
Reuters•2 days agoTencent-backed live-streaming firm DouYu files for $500 million U.S. IPO
China's largest live-streaming platform DouYu International Holdings Limited, backed by social media and gaming giant Tencent Holdings Ltd, has filed for a U.S. initial public offering (IPO) of up to $500 million. DouYu, which primarily focuses on the live-streaming of games, is one of several Chinese start-ups in the growing market for live-streaming in China, along with U.S.-listed rival Huya Inc and Huajiao. The rapid growth of the live-streaming sector has seen China's tech heavyweights - Tencent, Alibaba Group Holding and Baidu Inc - open their wallets to back a slew of firms in the hope it can boost existing services in e-commerce, social networking and gaming.
- Financial Times•2 days ago
Tencent-backed streaming site DouYu files for US IPO
DouYu International, the Tencent-backed game-streaming company, has filed to raise up to $500m in a listing on the New York Stock Exchange, down $200m from the top end of its previous fundraising range. The company, which streams esports matches and other games-focused content in China, will offer American depositary shares, according to a filing made on Monday evening with the US Securities and Exchange Commission, which did not disclose the ownership stake represented by the share offering.
- Motley Fool•2 days ago
Tencent Teams Up With Nintendo Again to Launch the Switch in China
But a sluggish Chinese approval process for games and weak demand for consoles could cripple the deal.
- Bloomberg•2 days ago
DouYu, Game-Streaming Firm Backed by Tencent, Files for U.S. IPO
The initial filing came almost a year after its biggest competitor, Huya Inc., listed in the U.S. last May. The duo, which operate like Twitch, are China’s top two video-game live-streaming platforms. Both companies are backed by Tencent Holdings Ltd., which plowed more than $1 billion into DouYu and Huya in the past year. DouYu said in the filing that its relationship with Tencent does not restrict the Chinese giant from collaborating with others.
- MarketWatch•2 days ago
Chinese e-sports platform DouYu files for U.S. IPO
Chinese e-sports platform DouYu International Holdings Ltd. filed for an initial public offering on Monday, with plans to raise up to $500 million. Morgan Stanley, JPMorgan and BofA Merrill Lynch are underwriters on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol "DOYU." Proceeds of the deal will be used to invest in content, for research and development, for marketing to promote the brand and for general corporate purposes, which may include acquisitions. "We are the largest game-centric live streaming platform in China and a pioneer in the eSports value chain," the company says in its prospectus. It was fanked first by the size of its user based measued by average total monthly users on mobile and PC platforms in the fourth quarter of 2018 and 2018, according to iResearch, it said. The company is backed by Chinese internet giant Tencent Holdings Ltd. , which will continue to hold a stake after the deal.
- TechCrunch•3 days ago
Tencent's latest investment is an app that teaches grannies in China to dance
The financial infusion makes for an interesting move for Tencent, whose WeChatmessenger counts users over the age of 55 as its fastest-growing group
- Bloomberg•3 days ago
China Outlines New Approval Process for World's Top Games Market
The State Administration of Press, Publication, Radio, Film and Television issued notices on April 19 that detailed the documentation and processes required to get games approved for release in the country. More concrete guidelines will likely benefit industry leaders from Tencent to Netease Inc. that’ve struggled with a government crackdown on gaming addiction and other perceived social ills. Beijing froze approvals on new titles for nine months in 2018 before restarting them in December -- creating a backlog of thousands of titles awaiting the green light.
- Motley Fool•3 days ago
Why Tencent Shouldn't Launch a Gaming Smartphone
Launching another high-end gaming phone in China’s tough smartphone market doesn’t make much sense.
- Bloomberg•6 days ago
Nintendo Soars as Tencent Wins Switch Game Approval in China
Tencent received approval for the test version of New Super Mario Bros. U Deluxe for the handheld device, according to a notice on the website of China’s Guangdong provincial culture and tourism department. A Nintendo spokesman confirmed that Tencent had applied for the sale of Switch hardware, but could not comment specifically on the Guangdong approval, saying it was just one part of the entire process. Nintendo’s stock surged 14 percent, the most since July 2016 at the height of the Pokemon Go frenzy.
- Financial Times•6 days ago
Nintendo shares soar on prospect of Tencent tie-up over Switch
Shares in Nintendo soared over 15.5 per cent to a six-month high in early trading in Tokyo on Friday on the prospect that the maker of Super Mario could begin selling its Switch video-gaming console in China for the first time. On Thursday, after navigating a long and complex negotiation with the authorities in Guangdong province, China’s Tencent won a landmark approval that would, in theory, allow it to sell the Switch machine throughout the world’s largest games market. Nintendo has remained wary of the Chinese market since Beijing lifted its ban on sales of foreign games consoles in 2014, but the sheer global power of its most famous characters — a pantheon that includes Mario, Zelda and Donkey Kong — means they are already widely recognised and loved.
- CNBC Videos•16 hours ago
Tencent has been a 'phenomenal' partner: NBA China
Derek Chang of NBA China says Tencent is "by far" the sports leader in China, and the technology company plays an "extremely important" part of ensuring that NBA stays at the "forefront" in the country.
