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Tencent Holdings Limited (TCEHY)

Other OTC - Other OTC Delayed price. Currency in USD
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78.08+1.51 (+1.97%)
At close: 3:59PM EDT
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Trade prices are not sourced from all markets
Previous close76.57
Bid0.00 x 0
Ask0.00 x 0
Day's range77.06 - 78.37
52-week range49.00 - 99.40
Avg. volume3,200,500
Market cap762.29B
Beta (5Y monthly)0.50
PE ratio (TTM)30.60
EPS (TTM)2.55
Earnings dateN/A
Forward dividend & yield0.21 (0.26%)
Ex-dividend date21 May 2021
1y target est93.11
  • NetEase-Sony Deal Is Newest Blow to Tencent’s Grip on Music

    NetEase-Sony Deal Is Newest Blow to Tencent’s Grip on Music

    (Bloomberg) -- NetEase Inc. struck a deal to license music directly from Sony Music Entertainment for the first time, a move that will further Beijing’s efforts to upend Tencent Holdings Ltd.’s supremacy in Chinese music streaming.The music powerhouse has agreed to license tunes to both Tencent Music Entertainment Group and closest rival NetEase, ending an exclusive arrangement with China’s dominant music-streaming service, according to statements by Tencent Music and NetEase. The parallel deals follow similar arrangements between Universal Music Group and the two Chinese platforms unveiled in August last year.China is preparing to slap a fine on Tencent as part of its antitrust crackdown on the country’s internet giants, Reuters reported in April, citing unnamed sources. Tencent Music has faced heightened scrutiny in recent months and is cooperating with regulators, Chief Strategy Officer Tony Yip told analysts in a post-earnings call. The company isn’t in a position to disclose details of those discussions, Yip added.Part of the investigation focuses on its music spinoff, the report said, and regulators have informed Tencent that it should give up exclusive music rights. China’s antitrust watchdog had investigated Tencent’s dealings with the world’s three biggest record labels but the probe was suspended, people familiar with the matter told Bloomberg News last February.The pact with NetEase will see the Chinese firm cooperate with Sony in areas such as music distribution, music streaming and online karaoke. The label will also cooperate with Tencent Music in the same areas, as part of a multi-year extension of their distribution deal.On Monday, Tencent Music revealed a 6.4% decline in monthly mobile music users -- excluding users on social media -- in the first quarter, even as revenue rose a better-than-estimated 24%.Universal Music, Sony Music and Warner Music Group Corp. had previously sold exclusive rights to a major chunk of their music catalogs to Tencent Music, which is backed by Sony and Warner. Tencent Music then sublicenses that content to smaller platforms including those operated by NetEase, Alibaba Group Holding Ltd, and Xiaomi Corp. Competing platforms like NetEase have to “pay two to three times the reasonable cost” for content under such arrangements, NetEase Chief Executive Officer William Ding told investors last year.(Updates with Tencent Music executive’s comments in third paragraph)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Prosus Makes Another Huge Move to Close Its Discount to Tencent
    Motley Fool

    Prosus Makes Another Huge Move to Close Its Discount to Tencent

    The complex share swap with Naspers is the latest in a series of attempts to unlock value of this heavily discounted stock.

  • Better Buy: Tencent vs. Apple
    Motley Fool

    Better Buy: Tencent vs. Apple

    Last May, I compared Tencent (OTC: TCEHY) to Apple (NASDAQ: AAPL). Let's see why Apple outperformed Tencent, how several recent developments dampened my enthusiasm for the Chinese tech giant, and if Apple will remain the stronger investment over the next 12 months.