|Bid||465.200 x 0|
|Ask||466.000 x 0|
|Day's range||465.200 - 472.800|
|52-week range||218.200 - 476.600|
|PE ratio (TTM)||95.51|
|Forward dividend & yield||0.61 (0.13%)|
|1y target est||486.43|
Tech firms Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd.—aka the BATs—have conquered e-commerce and mobile payments on smartphones and now are moving onto their next platform, cars.
Tencent Holdings stock has posted jet-fueled growth over the last 13 years, and there's reason to think there's still gas in the tank.
Like the long-term outlook for emerging markets but can’t take the stress? Funds that damp the asset class’ volatility may be a compromise choice. The most popular emerging markets exchange-traded funds, like the iShares MSCI Emerging Markets ETF (EEM), simply track a market cap-weighted global index.
Telecoms group China Unicom plans to lean on some of China's biggest technology and financial firms who have recently become its shareholders to drive compounded annual pre-tax profit growth of 68.7 percent through 2020 at its Shanghai-listed unit. State-controlled China Unicom, formally known as China United Network Communications Group Co Ltd, is the nation's second biggest telecoms carrier by subscriber numbers but has lagged its rivals China Mobile and China Telecom in delivering steady profit growth. As part of Beijing's push for state-owned enterprises to be revitalised with private capital, the Shanghai-listed unit, China United Network Communications , made a $12 billion private placement to firms including Alibaba (BABA.N), Tencent and China Life , who have become its new shareholders and board members.
A dual listing woiuld provide Chinese companies the option of raising money domestically and help boost their profile at home.
Visa, AbbVie and Tencent are in different fields but have very similar stock charts, reflecting the action of the major averages.
HONG KONG, March 15 (Reuters) - China Unicom (Hong Kong) Limited said on Thursday its net profit for 2017 nearly tripled on cost savings. China's second-biggest telecoms carrier by subscriber numbers had ...
Global music streaming provider Spotify is set to launch its services in South Africa on Tuesday, marking its entry into Africa, where there is a rapid uptake of smartphones and improving telecommunications infrastructure. The Swedish company, launched in 2008 and available in more than 60 countries, is the biggest music streaming company in the world and counts services from Apple Inc, Amazon.com Inc and Alphabet Inc's Google Play as its main rivals. The South Africa launch comes as Spotify prepares for a direct listing of its shares on the New York Stock Exchange, which will allow investors and employees to sell shares without the company raising new capital or hiring Wall Street banks to underwrite the issue.
March 13 (Reuters) - Cheetah Mobile Inc: * CHEETAH MOBILE ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS * CHEETAH MOBILE INC - JUN LEI HAS TENDERED HIS RESIGNATION AS CHAIRMAN AND A MEMBER OF BOARD * CHEETAH ...
Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Ofo claims that this is the largest amount raised in a round by a bike-sharing company so far.
Alibaba, Tencent, JD.com, YY and 58.com, highly rated Chinese internet companies, now have proper bases and buy points. Let's look at the stock charts.
March 12 (Reuters) - Beijing Enlight Media Co Ltd : * SAYS TO SELL ITS ENTIRE 27.6 PERCENT STAKE IN NEW CLASSICS MEDIA FOR 3.3 BILLION YUAN ($521.45 million) TO LINZHI TENCENT TECHNOLOGY Source text in ...
March 9 (Reuters) - Liqun Commercial Group Co Ltd : * SAYS IT SIGNS STRATEGIC AGREEMENT WITH TENCENT'S CLOUD COMPUTING AFFILIATE, SHENZHEN E-COMMERCE OPERATOR MORNING-STAR * SAYS SHARE TRADE TO RESUME ...
Chinese internet giant Tencent may soon have another opportunity to cash in on one of its investments. Travel company Tongcheng-Elong is planning an initial public offering in Hong Kong in the second half ...
Uber has reached an agreement in principle to sell most of its Southeast Asia operations to local rival Grab, ending a costly fight for market share in the fast-growing region, according to people familiar ...
One by one they’ve flown the coop -- Tencent, Weibo, Alibaba -- all locally cultivated technology stars that are padding returns for investors to the tune of $1.4 trillion, everywhere except China.
In China’s tech world, cheerleading from the government comes with a lot of benefits—and a lot of money. But Beijing also wants more control and the nation’s internet billionaires can’t exactly say no....
China's video sites are spending billions to become the country's Netflix, lured by potentially lucrative returns down the road as users finally start to pay for content.
China is considering plans that would allow shares in technology giants such as Tencent and Alibaba to trade back home, a move that could raise the profile of the country’s tightly controlled capital markets....
China’s big digital companies are investing heavily in nondigital retailers—which could signal of a kind of “land grab” for offline consumers there, particularly in the food business. Examining some $8.8 billion in recent investments in offline retail by the three companies, they found that roughly half of it was in grocery-related businesses.
China’s tech giants will add star power to the country’s political festivities this week, paying homage to President Xi Jinping and endorsing constitutional changes for him to remain president indefinitely. ...