TCTZF - Tencent Holdings Limited
| Previous close | 42.91 |
| Open | 41.52 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 41.52 - 43.31 |
| 52-week range | 24.73 - 53.27 |
| Volume | |
| Avg. volume | 17,176 |
| Market cap | 407.041B |
| Beta (5Y monthly) | 0.60 |
| PE ratio (TTM) | 15.57 |
| EPS (TTM) | 2.73 |
| Earnings date | N/A |
| Forward dividend & yield | 0.31 (0.72%) |
| Ex-dividend date | 22 May 2023 |
| 1y target est | N/A |
BloombergTop-Performing Fund Favors China Stocks as Bearish Tide Grows
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BloombergNvidia’s CEO Plans Trip to Meet China Executives Despite US Curbs
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- Reuters
China AI startup MiniMax raising over $250 million from Tencent-backed entity, others - sources
Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 billion, people familiar with the matter said. The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and prompting a flurry of domestic companies, such as Alibaba, Huawei, and Baidu, to announce rival products. MiniMax's latest fundraising drew in new investors such as an entity linked to technology giant Tencent, two people said, on condition of anonymity as the information was not public.
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BloombergXi Remade China's Tech Industry in His Own Image With Crackdown
(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Cr
ZacksTime for China Tech ETFs Despite Mixed-Bag Earnings?
Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of China's tech sector.
BloombergTSMC Retakes Lead From Tencent for Asia’s Largest Market Cap
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. has reopened a lead over internet giant Tencent Holdings Ltd. as Asia’s biggest company by market value, helped by a resumed rally in chip stocks.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverShares of TSMC have gained about 6% so
Motley FoolWhere Will Tencent Stock Be in 5 Years?
Tencent (OTC: TCEHY) once seemed like a promising long-term play on China's booming tech sector. It's the world's largest video game publisher, and its top games dominate China's gaming market. It owns WeChat (also known as Weixin), the leading "super app" in China, which bundles together mobile messages, social networking tools, digital payments, online purchases, integrated games, and other features in a walled garden.
BloombergChina Tech Megacaps in a Funk Despite Upbeat Sales: Tech Watch
(Bloomberg) -- Slowdown fears are weighing on Chinese tech stocks and even upbeat sales figures from the industry’s bellwethers can’t revive them.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFinancials Lead Stock Decline as Sentiment Sours: Markets WrapLula Lashes Out and Sends Warning to Central Bankers EverywhereShares of Ten
ReutersIndia lifts ban on Krafton's mobile game BGMI
India has approved popular mobile game Battlegrounds Mobile India (BGMI) to be relaunched for a trial period after a 10-month ban, South Korean game developer Krafton said on Friday. South Korea's foreign affairs and culture ministries held meetings with their Indian counterparts to help lift the ban, a Krafton Inc representative said. The Indian government blocked BGMI, the flagship game made by Krafton last July, citing concerns about its data-sharing and mining in China.
BloombergUBP's Vey-Sern Ling on Alibaba, Tencent
UBP Managing Director Vey-Sern Ling discusses Tencent's earnings results. He also previews Alibaba's results due Thursday. He speaks with David Ingles, Yvonne Man and Rishaad Salamat on "Bloomberg Markets Asia".
BloombergTencent’s Sales Rebound Though Concerns Persist on China Outlook
(Bloomberg) -- Tencent Holdings Ltd. posted its fastest pace of revenue growth in more than a year but earnings missed estimates, reflecting an uneven internet sector recovery during China’s post-pandemic reopening.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsWall Street Fears $1 Trillion Aftershock From Debt DealThe $120
Motley FoolTencent (TCEHY) Q1 2023 Earnings Call Transcript
Image source: The Motley Fool. Tencent (OTC: TCEHY)Q1 2023 Earnings CallMay 17, 2023, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Wendy Huang Good day and good evening.
ReutersTencent cuts cloud service prices up to 40% to fend off rivals
HONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. Alibaba Group Holding Ltd said last month it would slash prices for some cloud products by up to 50%. State-owned China Mobile joined Tencent on Tuesday in announcing cuts, saying prices for some services would be reduced by up to 60% for a limited time.
ReutersChina's Tencent marks return to revenue growth in first quarter
HONG KONG (Reuters) -China's Tencent Holdings Ltd marked a return to revenue growth in the first quarter as it recovered from COVID-19-related disruptions and China's crackdown on video games a year earlier. Revenue reached 149.98 billion yuan ($21.70 billion) for the three months ended March 31, topping the 146.09 billion expected by 17 analysts polled by Refinitiv. Net profit rose 11% to 25.83 billion yuan, missing the 29.61 billion expected by analysts.
- Investing.com
Target, TJX and EVgo fall premarket; Western Alliance and Tesla rise
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BloombergTencent Is Worth More Than a Utility, Fidelity Fund Manager Says
(Bloomberg) -- Battered-down Tencent Holdings Ltd., a once-hot Chinese tech stock that’s lost half its value, shouldn’t be priced as a utility because of its greater earnings potential, according to a Fidelity Investments fund manager.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverThe
BloombergChinese Investors Sour on Tencent, Becoming Net Sellers of Stock
(Bloomberg) -- Chinese investors offloaded HK$3.5 billion ($447 million) of Tencent Holdings Ltd. shares this quarter, putting the stock on track for the first three-month net outflow since 2021, according to data compiled by Bloomberg. The selling coincided with a 10% drop in the stock since end-March and likely reflects concerns about China’s sluggish economic recovery. Mainland investors are losing faith after eagerly scooping up the shares during a slump in the second half of 2022. The next
BloombergSea’s 112% Rally Shines Light on Path to Recovery
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BloombergTencent, TSMC Shunned by $3.2 Billion Fund Citing Valuations
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BloombergAlibaba’s Faded Rally Signals Grim Outlook Ahead
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ReutersGermany air taxi firm Lilium plans to raise $250 million, shares jump
Lilium's U.S.-listed shares surged 43.24% to $0.55 in premarket trading after the air taxi developer said the funds will enable cover "most of the estimated capital" for its first manned flight. Tencent-affiliate Aceville Pte Ltd will get 184.2 million Lilium warrants worth $1 per Class A share, Lilium said. Aceville will pre-fund $100 million of the aggregate exercise price of the warrants upon issuance and will contribute a further $75 million if Lilium raises the same amount through equity, debt or grants from some third parties.
- Reuters
Mihoyo's new video game tops download charts as big launches return to China
A new game released by "Genshin Impact" developer miHoYo this week has become China's top downloaded app, reflecting pent-up demand as gaming giants restart flagship launches with a crackdown on the industry easing. As of Thursday, the Shanghai-based company's strategy game "Honkai: Star Rail", where anime characters battle space monsters, had amassed 20 million downloads across smartphones and personal computers, miHoYo said. The game scored more than 1.6 million downloads on smartphones in China within five hours after it was published on Wednesday, according to data firm App Magic, and had garnered 5.8 million downloads on smartphones worldwide.
BloombergAlibaba Cuts Cloud Prices to Spur Growth Before Possible IPO
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