AllAnalyst Report
logoMorningstarJune 28, 2022

Tencent Holdings Limited: Prosus to Sell Down on Tencent Stake, but Our Outlook for Tencent Remains Unchanged

Symbols
TCEHY
Sector(s)
Communication Services
Rating
Current Price
$40.01
Fair Value
Economic Moat
Stewardship
Summary

Tencent is arguably the most influential internet firm in China as one can hardly go by a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game--Honor of Kings. Tencent also runs China's largest social media super app--WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level