|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||51.39 - 52.65|
|52 Week Range||23.00 - 52.65|
|PE Ratio (TTM)||61.20|
|Forward Dividend & Yield||0.08 (0.16%)|
|1y Target Est||42.58|
Friday 21.00 GMT Persistent uncertainty over US tax reform and the latest developments in the probe into Russian interference in the 2016 presidential election left US stocks and the dollar drifting lower, ...
When I began studying Buffett’s letters and biographies, I set a goal of establishing a partnership that was similar to the structure that Buffett set up in the 1950’s. After the better part of a decade, I was able to build up enough capital seed my investment firm.
Tencent announced another impressive quarter of financials yesterday, but the Chinese internet giant -- which is creeping towards a $500 billion market cap -- made other financial moves this week. Reuters reported that the firm invested $150 million Chinese cinema ticketing startup Maoyan, which was created from a merger between dominant players Maoyan and Tencent-backed Weiying this summer. Spokespeople from Tencent and Maoyan did not confirm the investment when asked by TechCrunch.
Managers from Aberdeen, Matthews, and Oakmark have bought shares of Chinese Internet companies, a global ad agency, and a cable giant.
Yixin Group, China's top online car retailer, ended 6 percent higher in its trading debut after an intra-day surge of nearly a third, adding to a string of successful tech floats in Hong Kong that is boosting the city's reputation for new listings. Backed by Chinese internet giants Tencent Holdings and JD.com, Yixin raised HK$6.77 billion ($867 million) after pricing its initial public offering at the top of an indicative range of HK$6.60–HK$7.70.
Asia's most valuable company is worst $472 billion, has nearly 1 billion active users and churned nearly $10 billion in sales last quarter, driving shares to a record high.
Investors are learning that the backing of Tencent Holdings Ltd., China’s largest social network operator, is no guarantee of IPO riches.
The world’s biggest videogame company saw sales and profit handily beating analyst estimates, with games accounting for half of the company’s revenue. In particular, revenue from mobile games nearly doubled ...
Chinese internet giant Tencent Holdings exceeded analysts’ revenue expectations for the 9th straight quarter, leading a group of large Asian tech firms that continue to confound analysts and drive stock-market ...
Shares in Chinese internet giant Tencent (700.HK) are up in early Hong Kong trade the company's third results smashed analyst expectations thanks to strong growth in advertising, mobile gaming and digital content. Third quarter profit rose 67% year-on-year to CNY18.04 billion on revenue of CNY65.2 billion (an increase of 61% over the third quarter of 2016). Analysts had expected a profit of 15.7 billion yuan. Chairman and CEO of Tencent, Ma Huateng, said, "During the third quarter of 2017, we recorded strong business and revenue growth across multiple business lines including games, digital content, online advertising and payment related services.
There is no denying global stock markets have enjoyed one impressive run. But that run is starting to crumble.
Shares in Yixin Group Ltd , China's largest online car retailer, gained as much as 32 percent on their trading debut in Hong Kong on Thursday, benefiting from rising enthusiasm for technology stocks in ...
Analysts raised price targets on Tencent Holdings Ltd. after the company’s third-quarter earnings topped even the most optimistic of estimates.
Yixin Group Ltd., an online car-loan provider backed by Tencent Holdings Ltd., jumped as much as 32 percent on its first day of trading, marking the latest eye-popping debut in a Hong Kong stock market ...
Tencent is China's leading provider of messaging and mobile gaming services, and owner of the popular WeChat app.
Tencent has grown into a company with a stock market capitalisation of $470bn by building a social media platform that combines messaging, payments and other apps. Now it is taking a step into the world ...
With pressure on global markets and oil prices moving lower, the iShares MSCI Emerging Markets exchange-traded fund (EEM) was down 0.5% in afternoon trading Wednesday. Alibaba Group Holdings (BABA) said it ...
Snap recently disclosed in a securities filing that Tencent had purchased 145.8 million of its shares—equivalent to a 12% equity stake in the company.
Tencent smashed through forecasts with a 57 per cent year-on-year jump in third-quarter operating profit to Rmb22.75bn ($3.43bn), as the Chinese tech group ramped up revenues on the back of its wildly ...
Chinese internet giant Tencent Holdings Ltd said it will invest more in its digital content businesses spanning publishing to film-making after its third quarter net profit surpassed expectations on Wednesday. Tencent, Asia's most valuable company with a market capitalization of $472 billion, is looking to invest more in its digital content and better integrate its products across platforms in order to draw more time from more paying customers, President Martin Lau said on an earnings call late Wednesday. Analysts said it was a move towards helping Tencent better monetize its various content platforms that dominate Chinese mobile users' daily life through increased subscription and advertising revenue.
Nov.16 -- Victor Au, chief operating officer at Delta Asia Securities, discusses the possibility of a tech bubble, the tech stock frenzy in Asia and the IPO market in Hong Kong. He speaks on "Bloomberg Daybreak: Asia."
Nov.16 -- Yixin Group Ltd., an online car-loan provider backed by Tencent Holdings Ltd., jumped as much as 32 percent on its first day of trading. Bloomberg's Stephen Engle reports on "Bloomberg Technology."
Nov.15 -- Tencent Holdings Ltd. posted its strongest growth in more than seven years, riding the success of games like Honour of Kings and a rapidly expanding internet advertising business. Bloomberg's Peter Elstrom reports on "Bloomberg Technology."