TCEHY - Tencent Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
44.95
+1.01 (+2.30%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close43.94
Open44.98
Bid0.00 x 0
Ask0.00 x 0
Day's Range44.95 - 45.28
52 Week Range31.54 - 51.24
Volume2,602,048
Avg. Volume3,514,192
Market Cap443.504B
Beta (3Y Monthly)1.28
PE Ratio (TTM)33.17
EPS (TTM)1.36
Earnings DateN/A
Forward Dividend & Yield0.26 (0.58%)
Ex-Dividend Date2019-05-16
1y Target Est56.64
Trade prices are not sourced from all markets
  • Hang Seng Gains Marginally while Nikkei 225 Ends in the Red
    Market Realist12 hours ago

    Hang Seng Gains Marginally while Nikkei 225 Ends in the Red

    After yesterday’s big fall, the Hang Seng Index rose marginally today. The index gained 0.13% to end at 28,222. The index opened considerably lower than yesterday’s close but gained in early trading. Afterward, the index remained within a narrow range to end the day on a slightly positive note.

  • Bloombergyesterday

    Nexon Slides on Report Its Billionaire Founder Is Scrapping Sale

    (Bloomberg) -- Nexon Co.’s shares dived as much as 5% after a South Korean newspaper reported that billionaire Kim Jung-ju has abandoned plans to sell down his controlling stake in the game developer.Banks working on a deal including UBS Group AG and Deutsche Bank AG plan to inform potential buyers of the Nexon founder’s decision, the Korea Economic Daily cited unidentified people in investment banking.Kim, who owns 48% of Nexon through holding company NXC Corp., has been looking to pare his stake since January, triggering discussions that at one point involved major players from Tencent Holdings Ltd. to Hillhouse Capital. But after bidding rounds lasting several months, potential buyers were whittled down to a handful of South Korean tech companies and private equity firms. Discussions stalled on disagreements over the price, the Korean Electronic Times reported last week. Nexon did not immediately respond to requests for comment.Kim sought as much as 10 trillion won ($8.6 billion), according to prior reports. At Nexon’s current market valuation, his stake is worth about $6.1 billion.Kim founded Nexon in the mid-1990s and pioneered the use of loot boxes, where players purchase virtual merchandise, to help create South Korea’s largest online game publisher. In 2011, he listed Nexon in Japan, tapping a larger and more liquid stock market. Since then, he has slowly lowered his stake through occasional share sales and began talks this year to sell the remainder after deciding to retire.To contact the reporter on this story: Yuji Nakamura in Tokyo at ynakamura56@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Hang Seng and Nikkei 225 Lose amid Trade Worries
    Market Realist2 days ago

    Hang Seng and Nikkei 225 Lose amid Trade Worries

    After rising marginally yesterday, Hong Kong’s Hang Seng Index fell today. The index lost 1.15% to end at 28,185.98. Only seven stocks in the index rose, while 39 declined. Four remained unchanged. Tencent Holdings (TCEHY) was one of the worst performers with a 1.8% fall.

  • Facebook’s Libra Creates New ‘Path to Printing Even More Money’ Through Messaging Services
    Bloomberg2 days ago

    Facebook’s Libra Creates New ‘Path to Printing Even More Money’ Through Messaging Services

    (Bloomberg) -- Facebook Inc.’s plan for a new cryptocurrency has the potential to change entire industries. A more likely outcome is that the technology transforms the social media giant’s own business.While Facebook makes most of its revenue from advertising, Chief Executive Officer Mark Zuckerberg says the future is private messaging. That’s a tough venue for data-hungry digital ads, so Wall Street has been wondering how the company will make money from this new future. Libra, the crypto coin Facebook announced last week, provides a tantalizing answer. “Libra could introduce a meaningful new product and profit stream for Facebook over the coming years,” Citigroup analyst Mark May wrote in a recent research note titled “Facebook’s Path to Printing Even More Money.”Facebook has more than 1.5 billion users on both WhatsApp and Messenger yet makes almost no money from the messaging services. Last week, when Facebook revealed its Libra plans, the company also said it would soon put new digital wallets inside these apps so users can easily use the cryptocurrency to send money to friends and businesses anywhere in the world. If the plan works, WhatsApp and Messenger will become new payments and commerce hubs that take small-but-profitable cuts from billions of transactions, according to May and other analysts. “This move is a strong indicator of Facebook’s intent to become a transactional platform (through Messenger and WhatsApp), expanding well beyond its massive advertising business,” wrote SunTrust Robinson Humphrey analyst Youssef Squali.Facebook has a checkered record in payments, and Libra has been poo-poohed by some crypto purists. But China’s WeChat and QQ show what’s possible when messaging apps cleverly fold payments and other services into the mix. WeChat and QQ make money by facilitating payments between users and merchants, distributing mobile games, and selling  digital goods, such as stickers and avatars. The services have turned owner Tencent Holdings Ltd. into the most valuable publicly traded company in China. Facebook’s crypto push could facilitate similar offerings in payments, shopping, apps and gaming, while tapping into the company’s huge user base in Asia, where it has nearly four times as many monthly active users as it does in North America, according to RBC Capital Markets analyst Mark Mahaney. Libra “may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams,'' he wrote in a recent note.For now, Facebook and its new subsidiary Calibra, which is building the digital wallets, are framing the new currency as a way for individuals to send money to each other across borders. David Marcus, who is leading Facebook’s Libra efforts, said that the company doesn’t plan to take a fee when people send money to friends, and will likely charge “tiny transaction fees” for payments to businesses.That could be the first step toward something more lucrative. Before Facebook, Marcus was president of PayPal Holdings Inc., the largest independent digital payments business in the U.S. PayPal facilitates one-to-one payments, but it has become a common way to pay for online purchases, too. “You usually don’t make money off of [peer-to-peer] payments,” Harshita Rawat, an analyst at Sanford C. Bernstein. “The actual use case is getting people into the habit of doing financial transactions on the platform, and then start to roll out other e-commerce related activity.” Once users get comfortable sending money through an app, adding a marketplace feature and more interactions with businesses often follow. That is “where the real monetization opportunity is,” she added.Marcus can see a future in which Facebook turns payments and digital wallets into a new business -- even if he’s not exactly sure what that will look like.“Over time, if we build more services on top of Libra, we’re probably going to likely index on other sources of income,” he said. “That’s future talk. We’re not going to do that for the first few years of this ecosystem because we want to focus on adoption.”  Whether or not Facebook gets that adoption is the more pressing challenge. The company’s crypto plans are already under fire from regulators in Washington and Europe who don’t like the idea of Facebook dipping its toe in yet another aspect of people’s personal lives. And gaining consumer trust after years of privacy mishaps may be harder than Facebook expects. Bernstein’s Rawat describes Libra as “somewhat of a moonshot project.”If people do start stuffing their new digital wallets with Libra, it might not take years for Facebook to turn that activity into revenue. Marcus believes the new wallets could have a more immediate financial impact on a business line Facebook knows well: Targeted advertising. If users have Libra on hand as they scroll through Facebook’s News Feed, when they click on an ad it will be easier to buy something. That would make Facebook ads more appealing to marketers. “If there is more commerce happening on the platform, then small businesses will end up spending more and advertising will be more effective for them,” he said.\--With assistance from Julie Verhage.To contact the author of this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editor responsible for this story: Alistair Barr at abarr18@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • China’s Biggest Startups Ditch Oracle and IBM for Home-Made Tech
    Bloomberg2 days ago

    China’s Biggest Startups Ditch Oracle and IBM for Home-Made Tech

    (Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.For years, companies like Oracle and International Business Machines invested heavily to build new markets in China for their industry-leading databases. Now, boosted in part by escalating U.S. tensions, one Chinese upstart is stepping in, winning over tech giants, startups and financial institutions to its enterprise software.Beijing-based PingCAP already counts more than 300 Chinese customers. Many, including food delivery giant Meituan, its bike-sharing service Mobike, video streaming site iQIYI Inc. and smartphone maker Xiaomi Corp. are migrating away from Oracle and IBM’s services toward PingCAP’s, encapsulating a nation’s resurgent desire to Buy China.PingCAP’s ascendancy comes as the U.S. cuts Huawei Technologies Co. off from key technology, sending chills through the country’s largest entities while raising questions about the security of foreign-made products. That’s a key concern as Chinese companies modernize systems in every industry from finance and manufacturing to healthcare by connecting them to the internet.“A lot of firms that used to resort to Oracle or IBM thought replacing them was a distant milestone, they never thought it would happen tomorrow,” said Huang Dongxu, PingCAP’s co-founder and chief technology officer. “But now they are looking at plan B very seriously.” IBM, which gets over a fifth of its revenue from Asia, declined to comment. Oracle, which gets about 16%, didn’t respond to requests for comment.China has long tried to replace foreign with homegrown technology, particularly in sensitive hardware -- it imports more semiconductors than oil. That imperative has birthed global names like Huawei and Oppo and even carried over into software in recent years, as Alibaba Group Holding Ltd. and Tencent Holdings Ltd. expand into cloud services. That effort has gained urgency since Washington and Beijing began to square off over technology.“China has always wanted to use domestic tech and in areas like cloud, it’s been very successful,” said Julia Pan, a Shanghai-based analyst with UOB Kay Hian. “While it wants to use Chinese chips, its technology is just not there, but when it’s mature enough, they very likely will replace overseas chips with domestic ones.”Now, a coterie of up-and-coming startups are encouraging Chinese firms to go local. Customers use PingCAP to manage databases and improve efficiency, allowing them to store and locate data on everything from online banking transactions to the location of food delivery personnel.Backed by Matrix Partners China and Morningside Venture Capital, PingCAP is competing in a sector traditionally dominated by companies such as Oracle and IBM. The market is expected to grow an average 8% annually to $63 billion globally in the seven years through 2022.The startup is one of the newest members of a cohort of open-source database providers such as PostgreSQL and SQLite that are upending the market. Researcher Gartner forecasts that 70% of new, in-house applications worldwide will be developed on open-source database management systems by 2022.PingCAP -- mashing the term for verifying a web connection, ping, and the CAP computing theorem -- was founded by three programmers whose former employer, a mobile-apps company, was acquired by Alibaba. Inspired by Google’s Cloud Spanner, which pioneered the distributed database model, the trio -- Huang, Liu Qi and Cui Qiu -- began creating an open-source database management system that would allow companies to infinitely expand their data storage by simply linking more servers to existing ones.“Think of traditional database mangers like a fixed glass container, every time you run out of storage you have to get a bigger one,” said Huang. “What our system does is that you can link as many cups together as you want.”Their idea caught on with investors and venture fund hot shots including Matrix agreed to invest about 10 million yuan ($1.4 million) in 2015. To date the company has raised more than $71 million and has about 190 employees.PingCAP is working in a space where competition is fierce -- its database TiDB currently only ranks 121 among global peers, according to database rank compiler DB-Engines, which uses mostly mentions on social media and discussion forums as key metrics. Other open-source database managers such as PostgreSQL ranks 4th and its direct competitor CockroachDB, which also focuses on distributed database systems, leads PingCAP by 30 spots. The Chinese startup also operates in a market where it’s difficult to make money -- PingCAP only has a couple dozen paying customers in China and makes about 10 million yuan in revenue a year. Their best shot is to create successes that can be later replicated on a larger scale, said Owen Chen, an analyst with Gartner. “Work with the 10% early adopters free of charge, and make money off the 90% followers later,” he said.That’s why Huang is working with big names like the Bank of Beijing and Mobike -- so it can create templates for each sector. “Only one thing is certain, data will continue exploding,” said Richard Liu, a founding partner at Morningside Venture Capital. “We have the patience to wait before they figure out the best revenue model.”PingCAP has one thing going for it: Chinese customers are increasingly willing to experiment with technology. Data supplied by some 2,000 companies -- more than 300 in-production users and 1,500 who are testing its system -- will provide PingCAP with what Matrix Partner Kevin Xiong says is akin to a supply of ammunition.“You need bullets to train someone to become a stellar marksman, and PingCAP right now has a lot of bullets,” said Xiong, who invested in the company.Huang points to how PingCAP’s database helped tide over Chinese bike-sharing giant Mobike during stressful days when user and transaction numbers exploded on a daily basis -- at its peak in 2017 the company said it handled as many as 30 million rides a day.“It was a really challenging time for us, and [open-source database] MySQL was no longer able to meet our demands given the jump in data volume,” said Li Kai, a senior tech director at Mobike. “PingCAP really helped us big time.”Huang and his team also made it easy for IT departments to jump ship. With one key stroke, companies could export their entire database on MySQL over to PingCAP’s. Some are considering moving their most sensitive data including transactions and customer info over, Huang said without disclosing names.Yu Zhenhua, an IT manager at Bank of Beijing, said China is constantly trying to enhance information security while his industry wants to lower costs as it rapidly expands. “TiDB’s service meets the demands of what we want in a distributed database manager,” Yu said in a statement posted on PingCAP’s website. A representative for the lender didn’t respond to emailed queries about its collaboration.Longer term, PingCAP wants to venture beyond China -- but there, the geopolitical spat is proving an impediment. Earlier this year, PingCAP was ready to embark on an expansion into the U.S. and said it was already in discussions for getting some prominent tech startups to use its software. Now the prospects of winning over American clients are clouded.“We’re not seeing any immediate impact on our business in the U.S. but the trade war does force us to look at the long term uncertainties of getting important U.S. clients in finance or tech to move to our platform,” Huang said.\--With assistance from Olivia Carville, Nico Grant, Lucas Shaw and Gao Yuan.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Colum Murphy, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Chinese Technology Moguls' Latest Obsession: Red Tourism
    Bloomberg2 days ago

    Chinese Technology Moguls' Latest Obsession: Red Tourism

    (Bloomberg) -- China’s internet watchdog rallied the founders and Communist Party representatives of 45 startups for a “study tour” celebrating the life of Mao Zedong, as Beijing tightens its grip on the country’s largest internet firms.The chief executive officers of companies including Tencent Holdings Ltd.-backed Zhihu -- China’s answer to Quora -- and the head of the Party branch at live-streaming giant Kuaishou took part in a tour this week to the southeastern province of Fujian. There they visited key historical sites that commemorate military achievements by the ruling party during its guerrilla warfare era in the 1930s, a local paper reported. Tour members sent flowers to a park built in honor of the late Party Chairman, and visited conference and historical sites across Fujian to “imbue themselves in the red revolutionary spirit,” the publication said.China has applied increasing pressure on the country’s social media and internet companies, which help scrape the web clean of information deemed vulgar or critical of the ruling party. The country’s richest tech billionaires, including Alibaba co-founder Jack Ma and Tencent supremo Pony Ma, have rushed to pledge allegiance to President Xi Jinping as he consolidates power on a level not seen in three decades.As China’s cyber watchdog steps up the frequency of crackdowns -- including by halting operations of internet operators -- companies have bolstered their efforts to study Party history and ideology as a means to appease regulators. Social media giant Tencent, which endured its biggest loss of market value on record during a 2018 clampdown on games, has stepped up self-policing efforts, ridding its games of gore while promoting messages that champion the country’s military apparatus.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Colum Murphy, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • BTS Made an App That Lets You Chat With Its Members (Sort Of)
    Bloomberg2 days ago

    BTS Made an App That Lets You Chat With Its Members (Sort Of)

    (Bloomberg) -- K-pop sensation BTS has racked up a string of firsts over an astonishing six-year run. Now the seven-member group star in their very own smartphone game, marrying two of South Korea’s hottest exports.Netmarble Corp., the country’s biggest mobile-app publisher, has unveiled a game featuring global K-Pop phenom BTS, the latest attempt to wed the country’s tech and entertainment industries to drive economic growth.“BTS World” contains previously undisclosed videos and photos of the boy band. The game takes players to their pre-debut days to recruit and train the singers. Users can pay to quicken the process of guiding the seven young men to stardom. Created by local developer Takeone Company Corp. and published by Netmarble, the game also features video and text chats with BTS members based on pre-written scripts.It’s the first major mobile title to focus exclusively on a K-Pop group, a testament to the rapidly growing clout of two of Korea’s most promising exports -- games and K-Pop -- as Hyundai cars struggle to regain momentum and Samsung semiconductors undergo an industry downturn.BTS or Bangtan Sonyeondan, which translates as Bulletproof Boy Scouts, has amassed millions of fans around the world thanks in large part to social media. The band’s Love Yourself campaign, which calls on people to take better care of themselves and encourages them to speak out on social issues, has resonated in particular with young fans.“Managing BTS myself would make me feel closer to the members,” said Paik Ji-min, a 29-year-old South Korean fan who flew to London to attend a BTS concert and said she would be willing to spend about 50,000 won (around $43) playing the game. “Just the thought of it makes me smile ear to ear.”Netmarble already plans a sequel to BTS World, seeking to maximize profit from what has arguably become the biggest K-Pop success after singer Psy. BTS has 20 million followers on Twitter and has made television appearances on Saturday Night Live and Ellen DeGeneres’s talk show. This year, the band sold out London’s 90,000-seat Wembley Stadium in just 90 minutes.The company’s founder, Bang Jun-hyuk, teamed up with relative Bang Si-hyuk of Big Hit Entertainment, the agency behind BTS, to develop the game. The entrepreneur is betting the recipe will re-energize growth at Netmarble, which trades about 20% lower than when it listed in 2017.“Even though it’s based on story-telling, as you progress you can discover a lot of missions and gaming elements,” Seungwon Lee, Netmarble’s chief global officer, told Bloomberg Television. “It’s sufficient incentive to keep motivating users to play.”BTS creator Bang Si-hyuk, who is also known as Hitman, told Bloomberg in 2017 that the company was diversifying into intellectual property-protected content that could possibly multiply its revenue. Big Hit is now worth an estimated $2 billion, according to the Hyundai Research Institute. The company is drawing on the popularity of the band to collaborate with Line Corp. for character merchandise and Mattel Inc. for dolls. The K-pop industry is worth about $5 billion, according to the government-affiliated Korea Creative Content Agency.Read More: High School Dropout Turns Billionaire on Games Firm IPONetmarble, whose titles include Lineage 2 Revolution and Marvel Future Fight, ranked 5th among publishers of Google Play and Apple iOS apps last year in terms of revenue, according to analytics firm App Annie. Founded in 2000, the Seoul-based company has drawn backing from Chinese giant Tencent Holdings Ltd. and South Korean conglomerate CJ Group.Vey-Sern Ling, a Bloomberg Intelligence analyst, said it may be relatively easy to generate money from players because they’re already fans who display a strong willingness to pay for BTS content. But the lifespan of the game could be limited. “Once the content is consumed there should be very little reason to play on, just like how you wouldn’t watch the same movie multiple times,” Ling said.Read More: ‘Hitman’ Worth $770 Million With K-Pop Craze Rocking the PlanetTo contact the reporters on this story: Sohee Kim in Seoul at skim847@bloomberg.net;Sam Kim in Seoul at skim609@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is This Supplier for Ford, Tencent, Baidu, and MSFT Going Public?
    Market Realist3 days ago

    Is This Supplier for Ford, Tencent, Baidu, and MSFT Going Public?

    Velodyne LiDAR seems to be preparing for its IPO. The company “has hired bankers for an initial public offering,” Reuters said. According to the report, Velodyne LiDAR has chosen Bank of America Merrill Lynch, Citigroup, Royal Bank of Canada, and William Blair to work on its potential exchange listing.

  • Carrefour sale shifts the balance of power in China's new retail battle
    TechCrunch3 days ago

    Carrefour sale shifts the balance of power in China's new retail battle

    Carrefour, which is Europe's largest retailer, sold a majority 80% stake inits China-based business to Chinese retailer Suning, according to anannouncement made this weekend

  • Reuters3 days ago

    CORRECTED (OFFICIAL)-China's iQiyi looks abroad after hitting 100 mln paying subscribers

    BEIJING, June 24 (Reuters) - iQiyi, China's answer to Netflix, intends to push harder into overseas markets such as North America and Japan after the video-streaming service hit a milestone of 100 million paying subscribers this month, a senior executive said on Monday. The company, which has been locked in a cash-burning fight with Tencent's video site and Alibaba-backed Youku Tudou in China, wants to distribute more of its self-produced content in North America, Singapore, South Korea and Japan, where they were seeing growing interest in Chinese-language shows, iQiyi's President of Membership and Overseas Business, Yang Xianghua, told Reuters in an interview.

  • Financial Times3 days ago

    New digital banks challenge HSBC’s Hong Kong dominance

    If a banker were to describe their dream consumer market, it would look a lot like Hong Kong. The chief beneficiary of this is HSBC, which has a 35 per cent share of the retail loan market, according to analysts at Goldman Sachs, via its own operation and Hang Seng Bank, a local lender it controls. It is so ubiquitous that residents refer to it simply as “the Hong Kong bank”.

  • Google Brushes Off a Shareholder Revolt Over Its Plans in China
    Motley Fool4 days ago

    Google Brushes Off a Shareholder Revolt Over Its Plans in China

    The tech giant’s multiclass voting structure makes it nearly impossible to challenge its plans for the People’s Republic.

  • 3 Top Value Stocks to Buy Right Now
    Motley Fool4 days ago

    3 Top Value Stocks to Buy Right Now

    You might think our third contributor has lost his mind.

  • Reuters4 days ago

    UPDATE 4-France's Carrefour free to focus on home market after retreat from China

    PARIS/SINGAPORE/BEIJING, June 24 (Reuters) - Shares in France's Carrefour rose on Monday after it became the latest Western retailer to retreat from the Chinese market as fierce competition from domestic rivals and a growing online market puts pressure on foreign firms. Investors welcomed a long-awaited all-cash deal struck at what analysts said was a good enough price in view of Carrefour's falling sales and operating losses in China. Carrefour, which has been in China since 1995, agreed to sell 80% of its Chinese operations to electronics retailer Suning.com for 620 million euros ($705 million).

  • Does "Freedom Weighting" Make a Better EM ETF?
    Zacks6 days ago

    Does "Freedom Weighting" Make a Better EM ETF?

    We discuss factor investing and a new freedom weighted emerging markets ETF.

  • Reuters6 days ago

    Naspers delays multi-billion euros internet float after admin error

    South Africa's Naspers has been forced to delay the multi-billion euro flotation of its international internet assets, including its lucrative stake in China's Tencent, after an admin error by a third party involved in the float. The company said a shareholders' meeting in Cape Town on June 28 to approve the flotation on Euronext Amsterdam, with a secondary listing on the Johannesburg Stock Exchange (JSE), had been cancelled and reconvened for Aug. 23. Naspers said the third-party error meant some postal copies of the resolution for the meeting had been wrongly addressed.

  • Naspers Delays Dutch Listing After Error Informing Investors
    Bloomberg6 days ago

    Naspers Delays Dutch Listing After Error Informing Investors

    (Bloomberg) -- Naspers Ltd. delayed a planned listing of its international internet assets in Amsterdam until September after an error sending details to shareholders meant a vote on the deal can’t go ahead as planned next week.The announcement just minutes before the South African technology company released full-year earnings weighed on the shares, which fell as much as 3.1% in Johannesburg, the biggest drop in a month. The new company, which Naspers has named Prosus NV, the Latin word for forwards, was supposed to list in mid-July.The mistake was made by an external service provider and “was outside our control but still unfortunate,” Chief Executive Officer Bob Van Dijk said on a conference call with reporters. “We continue to be very excited by the opportunities for the group for our proposed listing.”The shares pared their decline and traded 0.8% lower at 3,450.23 rand as of 4:03 p.m. in Johannesburg, valuing the company at 1.5 trillion rand ($105 billion).Naspers is planning to spin off assets including a $134 billion stake in Chinese games-maker Tencent Holdings Ltd. on the Euronext exchange in part to attract new investors and unlock value from the rest of the business, which has investments in internet ventures around the world. The classifieds unit edged into full-year profit in the 12 months though March, although the e-commerce division remains unprofitable. Naspers spun off its African pay-TV division, MultiChoice Group Ltd., in February.Prosus may be valued at a narrower discount to Tencent than its parent company following the listing, Naspers Chief Financial Officer Basil Sgourdos said on the call. Naspers will retain a 75% stake in the new business.The listing is also intended to reduce Naspers’s dominance of Johannesburg’s stock exchange, which has forced some investors to sell the stock. South Africa’s Government Employees Pension Fund, the company’s largest shareholder, is considering reducing its stake, Bloomberg News reported last week.Read More: Biggest Naspers Investor Mulls Cutting $16.5 Billion StakeThe administrative error that caused the delay concerned the incorrect labeling of circulars sent to shareholders, Naspers said. In some cases the name on the envelope did not match the address, which “could in some cases lead to confusion,” the company said. A vote on the listing will now take place on Aug. 23, the same day as the annual general meeting.Naspers said core headline earnings from continuing operations were $3 billion, up 26% on the previous year. That includes the performance of Tencent. The company also has interests in online food delivery in India and Brazil, and a stake in Russian social media giant Mail.ru Group Ltd.(Updates with CEO comments in third paragraph.)To contact the reporters on this story: Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.net;Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, John Bowker, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 6 Things You Need to Know Before Buying Alibaba Stock
    InvestorPlace6 days ago

    6 Things You Need to Know Before Buying Alibaba Stock

    Alibaba (NYSE:BABA) may be one of the best Chinese companies, but Alibaba stock has been struggling lately. It's not as if there's no go reason, though.Source: Charles Chan Via FlickrThe current rhetoric on U.S.-China trade issues has become the elephant in the room. Now that the FED's interest rate decision is behind us, the markets will once again concentrate on China, namely the trade talks ahead of a meeting between President Trump and the Chinese President Xi at a G20 summit next week.Thus investors have valid reasons to be concerned about the short-term volatility in Chinese stocks, including, the ecommerce giant. So what should BABA stock investors expect amid escalating tensions and the tit-for-tat retaliation between the two countries?InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three pros for Alibaba stock and three cons. * 6 Stocks Ready to Bounce on a Trade Deal Three Pros for Alibaba StockLeadership in e-Commerce in China: Alibaba's current share of the Chinese e-commerce space is almost 60%.The group operates through three main ecommerce sites -- Taobao, a Chinese online shopping website, Tmall, a Chinese-language website for business-to-consumer online retail, and Alibaba.com, the group's international trade site.The three sites have hundreds of millions of users globally and host millions of businesses. BABA's mobile monthly active users (MAUs) on its ecommerce platforms is now 721 million.Many analysts believe that BABA stock's bottom line is not going to be too adversely affected by these current trade wars as its business model is tied to China directly, decreasing the long-term risks of bi-party trade wars.With a population of almost 1.4 billion people, China's economic growth is still in its early stages and the Chinese middle class is likely to expand for a long time.Furthermore, consumer disposable incomes are also going up, fueling growth in many sectors, including e-commerce.In fact, the e-commerce market in China is forecast to almost double within the next four years to reach $1.8 trillion. Therefore, even if the Chinese economic growth pauses for a few quarters to come, the country's growth potential is intact.Growth in Cloud: BABA's core ecommerce business contributes to about 85% of its revenue. Yet BABA is rapidly expanding into many other lucrative industries, including cloud computing infrastructure, digital payments, online entertainment, and food delivery.With a population of 1.4 billion people, China is the largest country in the world. A rising middle class leads to higher consumerism, and that bodes well for many industries in China. One of those industries set to benefit is cloud computing.Alibaba's concentrated push deeper into cloud computing is increasingly being compared to the success of Amazon's (NASDAQ:AMZN) cloud business. In cloud computing, BABA is now the market leader in Asia.On May 15, when BABA released its quarterly results, both sales and earnings exceeded estimates. Total revenue came at $56.1 billion, an increase of 51% year-over-year (YoY). Investors cheered that BABA's cloud computing revenue soared 76% YoY.Alibaba has over 40% of the public cloud market in China. The market share of Tencent Holdings (OTCMKTS:TCEHY), its biggest competitor, is about 11%.As a result of increased diversification as well as the growth in the cloud space, Alibaba's total revenue is expected to grow by double-digit-percentage rates. Such a growth rate would indeed be impressive for a company with a market cap of $415 billion.International Expansion: Finally, forward-looking investors may want to pay attention to BABA's international growth numbers too. Currently, more than 90% of the ecommerce giant sales are made in China.But BABA also has investments in start-ups in South Asia and Southeast Asia. Higher incomes and rising internet penetration rates are likely to strengthen both regions' ecommerce markets and contribute to Alibaba stock's bottom line.Among the start-ups in those regions in which BABA has stakes are Paytm, an Indian digital-payments provider, and Lazada, a Singapore-based e-commerce company that is growing in overseas markets.BABA is also looking to partner with European companies. Many European companies are still discovering new ways to enter the Chinese market, and BABA may enable them to connect with Chinese customers faster.BABA's mobile payment network, Alipay, is also seeking to expand in Europe. International growth will not only help increase the company's bottom line, but it will also enable BABA to diversify away from China, lowering the macro risk of BABA stock. Three Cons for Alibaba StockUpcoming Listing in Hong Kong: By the end of year, Alibaba is possibly going to Hong Kong for a second listing. There the company is expected to raise $20 billion.BABA had delisted from Hong Kong in June 2012. Now there is speculation as to why the company wants to move closer to China in a second listing and raise cash. Both the bulls and the bears are debating Alibaba's motives.Is it because BABA management is worried about the trade wars?Can BABA's second listing encourage more Chinese companies to follow Alibaba to Hong Kong?Does Alibaba need the cash for reasons investors do not know yet? Should investors therefore be worried?The exact result of this listing is still hard to pin down. For example, Alibaba has recently announced a one-to-eight stock split. A lower price may lure more Hong Kong-based investors into buying Alibaba stock.However, we do not know how its U.S. shareholders may react. One thing we can possibly count on is increased volatility in BABA stock price.Shorter-Term Technical Analysis: Following the recent volatility in especially Chinese stocks, Alibaba's technical picture is giving mixed signals, pointing to the possibility for more choppiness around the corner.If you still believe in the bull case for BABA stock, you might consider waiting for a better time to get long, such as around the mid-$150 level. In case of general weakness in the tech sector or negative global trade news, the markets may want to go back toward the 2019 low of $148.84 that was seen on May 31.In the coming weeks, I do not expect BABA stock to regain its recent high of $195.72, which was last seen on May 3. Instead, BABA stock is likely to trade in a range, possibly between $170 and $150, for several weeks.Expect nearer-term trading to be choppy at best, possibly until we have more clarity on the potential resolution of U.S.-China trade wars.BABA Stock PEG Ratio: In addition to looking at technical analysis charts and options prices to gauge market sentiment, I keep an eye on a given stock's Price/Earnings to Growth (PEG) ratio.A PEG ratio of one means the market's perceived value of the stock is equal to its anticipated future earnings growth. For example, if a stock had a P/E ratio of 25, and the company's projected earnings growth was 25%, then the PEG ratio would be one. With the PEG number, investors can compare and contrast the relative value of a stock against other stocks.I also compare the change in PEG with the change in a stock's price within a given time-frame to gauge investor sentiment regarding a stock's potential price increase.In 2019, Alibaba stock is up over 20%. To me, given BABA's current level of earnings growth in a global economy that currently offers plenty of questions, Alibaba's PEG of 1.02 is still high.In other words, I regard BABA's stock price of about $165 as somewhat over-stretched. However, please remember that the PEG ratio is just one tool in investors' arsenal.Ultimately, earnings drive stock price growth. Therefore, I will be keeping a close eye on the company's quarterly report expected in August. The Bottom Line on BABA StockAlibaba stock offers U.S. investors the chance to invest in the growing Chinese consumer and ecommerce markets. Over the past two decades, the company has built a strong moat around its ecommerce. Now it is increasingly focusing on diversifying its revenue stream both in China and internationally.Alibaba's growth in ecommerce, cloud computing, and its other investments throughout China and globally make it a disruptor and a sound long-term investment.Therefore long-term investors should view any decline in Alibaba stock as a good opportunity to buy into the shares.However, traders with a short-term horizon should remember that there might be further volatility with a downward bias in Alibaba stock. The daily volatility of Alibaba stock is high, giving it a wide trading range, so short-term traders should proceed with caution.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 6 Things You Need to Know Before Buying Alibaba Stock appeared first on InvestorPlace.

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