TCEHY - Tencent Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
40.03
+0.88 (+2.25%)
At close: 3:59PM EST
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Previous Close39.15
Open0.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume5,622,051
Market Cap379.053B
Beta (3Y Monthly)1.47
PE Ratio (TTM)29.54
EPS (TTM)1.36
Earnings DateN/A
Forward Dividend & Yield0.11 (0.28%)
Ex-Dividend Date2018-05-17
1y Target Est45.93
Trade prices are not sourced from all markets
  • Tencent Music Sets $1.1 Billion IPO at Bottom as Markets Gyrate
    Bloomberg3 hours ago

    Tencent Music Sets $1.1 Billion IPO at Bottom as Markets Gyrate

    China’s largest music-streaming service, which is backed by Tencent Holdings Ltd., and current holders sold 82 million American depositary shares at $13 apiece, according to a statement. Tencent Music opted to price lower after initially guiding fund managers that orders were coming in around the midpoint of the marketed range. Tencent Music will debut at a valuation of about $21.3 billion, falling short of the $23.3 billion of Spotify Technology SA, the Swedish peer that’s also an investor in the Chinese company.

  • Tencent Music Sets $1.1 Billion IPO at Bottom as Markets Gyrate
    Bloomberg3 hours ago

    Tencent Music Sets $1.1 Billion IPO at Bottom as Markets Gyrate

    China’s largest music-streaming service, which is backed by Tencent Holdings Ltd., and current holders sold 82 million American depositary shares at $13 apiece, according to a statement. Tencent Music opted to price lower after initially guiding fund managers that orders were coming in around the midpoint of the marketed range. Tencent Music will debut at a valuation of about $21.3 billion, falling short of the $23.3 billion of Spotify Technology SA, the Swedish peer that’s also an investor in the Chinese company.

  • Tencent Music Prices IPO at Low End of Range Amid Uncertain Market
    Zacks9 hours ago

    Tencent Music Prices IPO at Low End of Range Amid Uncertain Market

    Tencent Music, the music streaming arm of Chinese tech behemoth Tencent Holdings (TCEHY), will price its U.S. initial public offering at $13 per share, the low end of its range, according to a source cited by The Wall Street Journal.

  • InvestorPlace16 hours ago

    IQ Stock Has a Content Diversity Problem

    You’ll laugh and you’ll cry, but after reading this column, you probably won’t buy IQ stock. Analysts often label iQiyi as the Netflix (NASDAQ:NFLX) of China, and at first, the comparison seemingly makes sense. A major problem for the bullish thesis on IQ stock is that IQ has relatively few paying subscribers.

  • InvestorPlace18 hours ago

    Don’t Buy BIDU Stock Without Googling All of the Risk Factors

    BIDU stock has struggled as its challenges pre-date the U.S.-China trade war, spending the last four years in a trading range. Conversely, its non-China counterpart Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has approximately doubled in value over the same period. While the trade war and the long-term China growth story may tempt investors who want to make a contrarian play on Baidu, investors should consider growth and legal factors before jumping into this equity.

  • Bloombergyesterday

    Tencent Music Guides Pricing Around Midpoint in $1.2 Billion IPO

    The company sees price sensitivity in the middle of the range based on current orders, according to a message communicated to fund managers Tuesday. Tencent Music will stop taking orders from Asian investors at the end of business Tuesday and at noon New York time for U.S. institutions, the message shows. Chinese companies have raised $8 billion from first-time share sales in the U.S. this year, more than double the same period in 2017, data compiled by Bloomberg show.

  • Bloombergyesterday

    Tencent Music Guides Pricing Around Midpoint in $1.2 Billion IPO

    The company sees price sensitivity in the middle of the range based on current orders, according to a message communicated to fund managers Tuesday. Tencent Music will stop taking orders from Asian investors at the end of business Tuesday and at noon New York time for U.S. institutions, the message shows. Chinese companies have raised $8 billion from first-time share sales in the U.S. this year, more than double the same period in 2017, data compiled by Bloomberg show.

  • Financial Timesyesterday

    [$$] Succession is the biggest hurdle for China’s tech giants

    None of China’s top tech companies, whether listed or unlisted, have been invulnerable to the downdraft that has blown through public markets and parts of the private markets. Among them are many of the first generation companies that once seemed invincible. — were a shorthand for the emergence of leading edge homegrown mainland tech groups that would rival the might and reach of their counterparts in Silicon Valley.

  • The Wall Street Journalyesterday

    [$$] Tencent-Backed Auto-Trading Startup Looks to Raise Capital

    Chinese online car-trading platform Chehaoduo Group is seeking to privately sell shares and convertible bonds, according to people familiar with the matter, as it looks to expand in the country’s competitive consumer auto market. Beijing-based Chehaoduo, which allows customers to buy and sell used and new cars through its platforms Guazi and Maodou, is looking to raise new funding, including around $300 million in convertible bonds, said one of the people. Chehaoduo is backed by investors including Tencent Holdings Ltd., DST Global and Sequoia Capital.

  • How Apple Avoided an iPhone Ban in India
    Market Realist2 days 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.

  • Zacks2 days 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's2 days 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.

  • Tencent Music sued by investor ahead of $1.2 billion US IPO
    TechCrunch2 days ago

    Tencent 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.

  • Reuters2 days 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.

  • Reuters2 days 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.

  • Tencent-backed fleet manager G7 racks up $320M in funding
    TechCrunch2 days 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.

  • Music Giant Backed by Pony Ma Is Poised to Spin New Billionaires
    Bloomberg2 days 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.

  • Music Giant Backed by Pony Ma Is Poised to Spin New Billionaires
    Bloomberg2 days 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.

  • Benzinga3 days 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 Journal4 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.

  • Tencent Holding (TCEHY) Gains As Market Dips: What You Should Know
    Zacks4 days ago

    Tencent Holding (TCEHY) Gains As Market Dips: What You Should Know

    Tencent Holding (TCEHY) closed at $39.68 in the latest trading session, marking a +0.69% move from the prior day.

  • InvestorPlace5 days ago

    Fortnite Has Damaged Activision Stock

    Few stocks have been hit as hard by the tech wreck as Activision Blizzard (NASDAQ:ATVI). The value of Activision stock has fallen nearly in half, from $83 per share at the start of October to $48 this morning. ATVI stock is now at levels not seen since February 2017.

  • InvestorPlace5 days ago

    Things Will Be Rough a Little While Longer for Tencent Stock

    It hasn’t been a great few months for Chinese internet giant Tencent (OTCMKTS:TCEHY). Tencent stock has dropped nearly 40% off its high in 2018, but it fits in with a bigger, long-term thesis out there. It goes something like this: China tech stocks have broadly dropped to relatively anemic valuation levels, but growth rates across the board remain robust and China’s economy, while slowing, is still growing at an impressive 6% rate. Tencent still has robust exposure to all things internet in China, and is still growing revenues at a 20% clip.

  • Bloomberg5 days ago

    Tencent Music Executive Is Accused of Defrauding Early Investor

    The investor made the claim in an arbitration proceeding in China against the company, Co-President Guomin Xie and others, and he repeated it Wednesday in a U.S. lawsuit seeking documents from four underwriters of Tencent Music’s initial public offering. The online-music arm of Tencent Holdings Ltd., China’s largest social-media company, is planning to list in the U.S. on Dec. 12.

  • Bloomberg5 days ago

    Tencent Music Executive Is Accused of Defrauding Early Investor

    The investor made the claim in an arbitration proceeding in China against the company, Co-President Guomin Xie and others, and he repeated it Wednesday in a U.S. lawsuit seeking documents from four underwriters of Tencent Music’s initial public offering. The online-music arm of Tencent Holdings Ltd., China’s largest social-media company, is planning to list in the U.S. on Dec. 12.