Streetbeat News

TCEHY

Tencent Holdings Ltd.

https://www.tencent.com/

CEO

Huateng Ma

Employees

116,213

Tencent Holdings Ltd. is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the largest company in the video game industry in the world based on its investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games.

Open

51.40

Mkt cap

472B

Volume

704K

High

51.82

P/E Ratio

23.48

52-wk high

62.57

Low

51.12

Div yield

0.01

52-wk low

33.00

Tencent is leveraging its WeChat ecosystem to differentiate its cloud services from competitors like Amazon and Microsoft. Tencent Cloud CEO Dowson Tong highlighted the interest of clients in building mini programs on WeChat to attract users.

Portfolio Pulse from

November 18, 2024 | 5:15 am

The 12th Annual Tencent WE Summit was held in Chengdu, featuring Nobel laureates and top scientists sharing groundbreaking insights. The event highlights Tencent's commitment to scientific advancement.

Portfolio Pulse from

November 15, 2024 | 3:15 pm

Tencent's collaboration between WeChat Pay and other e-commerce sites is expected to boost transaction volumes, positively impacting its fintech business.

Portfolio Pulse from

November 15, 2024 | 6:00 am

Tencent Holdings stock surged today due to positive developments, although the specific reasons were not detailed in the article.

Portfolio Pulse from

November 15, 2024 | 12:15 am

The Hang Seng Index fell by 1% due to concerns over tariffs, with Chinese equities, particularly in the property and tech sectors, experiencing declines. Despite this, Tencent saw gains.

Portfolio Pulse from

November 14, 2024 | 4:00 am

Tencent Holdings Limited (TCEHY) held its Q3 2024 earnings call, featuring key executives and analysts from major financial institutions. The call provided insights into the company's performance and strategic direction.

Portfolio Pulse from

November 13, 2024 | 7:00 pm

Tencent reported a profit that exceeded analysts' expectations, driven by growth in its gaming sector. However, its revenue slightly missed forecasts. The company also highlighted the benefits of AI in its operations.

Portfolio Pulse from

November 13, 2024 | 9:00 am

Tencent Holdings reported an 8% increase in Q3 revenue, driven by its gaming business, matching market estimates.

Portfolio Pulse from

November 13, 2024 | 9:00 am

Tencent Music Entertainment Group reported a 6.8% increase in total revenues for Q3 2024, reaching 7.02 billion yuan (approximately US$1 billion). The growth was driven by higher music subscriptions, but was partially offset by declining revenues from social entertainment services.

Portfolio Pulse from

November 12, 2024 | 2:45 pm

Tencent Music Entertainment missed quarterly revenue estimates due to the impact of Beijing's crackdown on online gambling, affecting its social entertainment segment.

Portfolio Pulse from

November 12, 2024 | 9:30 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.