|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||33.93 - 34.09|
|52-week range||33.93 - 34.09|
|Beta (5Y monthly)||0.45|
|PE ratio (TTM)||13.36|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said. Tencent Holding Ltd has for years invested in hundreds of up-and-coming businesses, mainly in the onshore market. It has typically acquired minority stakes and stayed invested as a passive financial investor.
(Bloomberg) -- Tencent Holdings Ltd. has lost its title as China’s biggest company to liquor giant Kweichow Moutai Co., the latest sign of how far regulatory risk and dimming growth prospects has set back the country’s technology industry.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMarjorie Taylor Greene’s Husband Files
Tencent Holding Ltd. (TCEHY) closed the most recent trading day at $35.79, moving +1.45% from the previous trading session.