TCTZF - Tencent Holdings Limited
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 41.35 |
| Open | 42.44 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 42.44 - 43.13 |
| 52 Week Range | 24.73 - 53.27 |
| Volume | |
| Avg. Volume | 15,968 |
| Market Cap | 413.204B |
| Beta (5Y Monthly) | 0.60 |
| PE Ratio (TTM) | 14.47 |
| EPS (TTM) | 2.98 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.31 (0.74%) |
| Ex-Dividend Date | May 22, 2023 |
| 1y Target Est | N/A |
Fair Value
Related Research
- Financial Times
Hong Kong equities rally driven by internet stocks
Hong Kong equities notched their best daily gains in three months as short sellers closed out bets against Chinese internet groups and some investors snapped up shares on hopes that a protracted sell-off for China stocks was overdone. The sudden upswing for the Hang Seng index took it 4 per cent higher on Friday. The rally on Friday was led by Chinese internet stocks, with the Hang Seng Tech index jumping 5.3 per cent. Tencent and Alibaba closed 6 and 6.7 per cent higher in Hong Kong, respectively.
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- Reuters
China AI startup MiniMax raising over $250 million from Tencent-backed entity, others - sources
Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 billion, people familiar with the matter said. The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and prompting a flurry of domestic companies, such as Alibaba, Huawei, and Baidu, to announce rival products. MiniMax's latest fundraising drew in new investors such as an entity linked to technology giant Tencent, two people said, on condition of anonymity as the information was not public.
- Reuters
China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others - sources
Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 billion, people familiar with the matter said. The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and prompting a flurry of domestic companies, such as Alibaba, Huawei, and Baidu, to announce rival products. MiniMax's latest fundraising drew in new investors such as an entity linked to technology giant Tencent, two people said, on condition of anonymity as the information was not public.
- Financial Times
‘Genshin Impact’ maker aims for Tencent’s China gaming crown
On the eve of last month’s launch of miHoYo’s latest online game, Honkai: Star Rail, employees at the Chinese gaming company worked late into the night. A space-travel anime game, Honkai: Star Rail is miHoYo’s second new title since the breakout success of Genshin Impact. How it performs will determine whether the Shanghai studio can establish an enduring role for itself as one of China’s top game developers in the face of competition from industry giants Tencent and NetEase.
InvestorPlace3 Chinese Stocks to Buy Before They Skyrocket in 2023
Finding the best Chinese stocks to buy can be tricky. Pandemic-induced lockdowns had a crippling effect on the Chinese tech industry, hitting manufacturing and clouding the industry outlook. However, amidst these challenges, a silver lining emerges for forward-thinking investors as the top Chinese stocks to buy now present attractive valuations to capitalize on a reviving economy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The journey has been rough for Chinese stocks, with th
Motley FoolElon Musk Wants to Build an "Everything App" -- but This Competitor May Have Already Done So
Like the times, Twitter is a-changin'. Elon Musk stirred controversy with his decision to charge $8 per month for the little blue checkmarks next to Twitter users' handles that in the past were only given to verified accounts. Musk tweeted in late 2022 that his purchase of Twitter was "an accelerant to creating X, the everything app."
BloombergXi Remade China's Tech Industry in His Own Image With Crackdown
(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustYields Slide on Fedspeak; Banks Weigh on Stocks: Markets
ZacksTime for China Tech ETFs Despite Mixed-Bag Earnings?
Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of China's tech sector.
South China Morning PostTencent replaces chairman at video game live-streaming platform Huya amid regulatory pressure and increased market competition
Tencent Holdings, operator of the world's largest video gaming business by revenue, has appointed a new head for its popular game live-streaming platform Huya amid regulatory pressure and fierce competition in this market. Lin Songtao, who serves as a vice-president at Shenzhen-based Tencent, was named Huya's new chairman effective immediately, replacing Huang Lingdong who had held that post since April 2020, according to a statement on Tuesday from the New York-listed live-streaming service. Hu
- South China Morning Post
China regulator approves 86 new video game licences in May in another sign sector is back on track
Chinese regulators approved 86 game licences in May, covering titles from the country's biggest players, Tencent Holdings and NetEase, as the world's largest video gaming market gets back on track after regulatory uncertainties. The National Press and Publication Administration (NPPA), the agency responsible for licensing video games in China, published its latest list of approvals on Monday, with an amount in line with previous months this year. Tencent, operator of the world's largest video ga
- South China Morning Post
Tencent launches palm payments in Beijing, allowing metro passengers to pay with the wave of a hand
Chinese social media giant Tencent Holdings is allowing Beijing metro passengers to pay for rides using only their palms in a new service launched in China's capital city through its WeChat Pay service, referred to as Weixin Pay domestically. Starting from Sunday, users who enrol in the palm-recognition service can pay for rides on the Daxing Airport Express Line by holding their hands over a scanner at metro station turnstiles. Recognition of a unique palm print triggers an automatic payment th
BloombergTSMC Retakes Lead From Tencent for Asia’s Largest Market Cap
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Motley FoolWhere Will Tencent Stock Be in 5 Years?
Tencent (OTC: TCEHY) once seemed like a promising long-term play on China's booming tech sector. It's the world's largest video game publisher, and its top games dominate China's gaming market. It owns WeChat (also known as Weixin), the leading "super app" in China, which bundles together mobile messages, social networking tools, digital payments, online purchases, integrated games, and other features in a walled garden.
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(Bloomberg) -- Slowdown fears are weighing on Chinese tech stocks and even upbeat sales figures from the industry’s bellwethers can’t revive them.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFinancials Lead Stock Decline as Sentiment Sours: Markets WrapLula Lashes Out and Sends Warning to Central Bankers EverywhereShares of Ten
South China Morning PostChina's Big Tech bosses take different business approaches towards generative AI like ChatGPT
China's Big Tech bosses are displaying conflicting views towards artificial intelligence (AI), as some eagerly embrace the advancing technology while others warn against hasty adoption amid the frenzy around ChatGPT. Pony Ma Huateng, founder and CEO of social media and video gaming giant Tencent Holdings, said his company would take a more measured approach in launching generative AI products, despite the potential opportunities. "I think a lot of companies are in too much of a rush, trying to b
The Wall Street JournalChinese Tech Giants’ Results Reflect Lackluster Economic Recovery
Earnings of China’s biggest technology companies in the first quarter offered a mixed picture of recovery in the world’s second-largest economy, with growth activities geared to businesses accelerating while consumer spending remained weak. E-commerce giant Alibaba Group on Thursday reported a soft 2% rise in revenue from a year earlier, below analysts’ expectations and underscoring China’s weak postpandemic economic recovery. Alibaba’s shares were down 4% in midday New York trading.
- Reuters
UPDATE 3-India lifts ban on Krafton's mobile game BGMI
India has approved popular mobile game Battlegrounds Mobile India (BGMI) to be relaunched for a trial period after a 10-month ban, South Korean game developer Krafton said on Friday. South Korea's foreign affairs and culture ministries held meetings with their Indian counterparts to help lift the ban, a Krafton Inc representative said. The Indian government blocked BGMI, the flagship game made by Krafton last July, citing concerns about its data-sharing and mining in China.
ReutersIndia lifts ban on Krafton's mobile game BGMI
India has approved popular mobile game Battlegrounds Mobile India (BGMI) to be relaunched for a trial period after a 10-month ban, South Korean game developer Krafton said on Friday. South Korea's foreign affairs and culture ministries held meetings with their Indian counterparts to help lift the ban, a Krafton Inc representative said. The Indian government blocked BGMI, the flagship game made by Krafton last July, citing concerns about its data-sharing and mining in China.
InvestorPlace3 Chinese Stocks to Buy With Massive Growth Potential
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BloombergUBP's Vey-Sern Ling on Alibaba, Tencent
UBP Managing Director Vey-Sern Ling discusses Tencent's earnings results. He also previews Alibaba's results due Thursday. He speaks with David Ingles, Yvonne Man and Rishaad Salamat on "Bloomberg Markets Asia".
BloombergTencent’s Sales Rebound Though Concerns Persist on China Outlook
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QuartzTencent is back on course, and now it's looking to level up
Chinese video game and social media giant Tencent has long been thought to be developing a competitor to ChatGPT, the popular artificial-intelligence chatbot, for its WeChat app. While the company’s latest update to investors didn’t address these rumors directly, it’s clear more AI is in Tencent’s future.
Motley FoolTencent (TCEHY) Q1 2023 Earnings Call Transcript
Image source: The Motley Fool. Tencent (OTC: TCEHY)Q1 2023 Earnings CallMay 17, 2023, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Wendy Huang Good day and good evening.
- Reuters
UPDATE 1-Tencent cuts cloud service prices up to 40% to fend off rivals
Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. Alibaba Group Holding Ltd said last month it would slash prices for some cloud products by up to 50%. State-owned China Mobile joined Tencent on Tuesday in announcing cuts, saying prices for some services would be reduced by up to 60% for a limited time.