|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.82 - 50.26|
|52 Week Range||31.54 - 54.84|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||37.05|
|Forward Dividend & Yield||0.13 (0.28%)|
|1y Target Est||54.38|
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.
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.
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)
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.
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 […]
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.
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.
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.
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.
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.
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.
The financial infusion makes for an interesting move for Tencent, whose WeChatmessenger counts users over the age of 55 as its fastest-growing group
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.
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.
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.
Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China's Tencent Holdings Ltd won a key approval to begin selling Nintendo's Switch console in the world's largest video games market. Friday's jump sent the shares to their highest price since October and pushed the year-to-date gain to 32 percent. Nintendo's U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong allowed Tencent to distribute the Switch console with a test version of the "New Super Mario Bros. U Deluxe" game.
Nintendo has partnered with Tencent to bring the Switch console to China. Nintendo shares surged on the news as investors hope it can work with Tencent to find success in the world's largest gaming market. Analysts cautioned that there are still regulatory hurdles to overcome and that the Switch wouldn't be immediately available.