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

52.73

Mkt cap

482B

Volume

337K

High

52.73

P/E Ratio

24.07

52-wk high

62.57

Low

52.48

Div yield

0.01

52-wk low

33.00

Shares of Chinese tech companies Tencent Holdings, Baidu, and Futu Holdings surged significantly on Monday, with increases of 5.5%, 10.1%, and 21.9% respectively.

Portfolio Pulse from

December 09, 2024 | 7:30 pm

Tencent has launched the CarbonX Program 2.0 to support global climate tech innovations, aiming for a net-zero world by 2050. This phase expands beyond China, offering funding and resources to promising projects worldwide.

Portfolio Pulse from

December 03, 2024 | 9:00 am

Prosus NV reported an 89.5% increase in core headline earnings for the first half of the year, driven by strong growth in its e-commerce businesses and its investment in Tencent.

Portfolio Pulse from

December 02, 2024 | 7:15 am

Tencent Holdings has invested in Canadian challenger bank Neo Financial, which recently raised C$360 million in a fundraising round to expand its financial services. The investment includes C$110 million from a share issue and C$250 million from debt.

Portfolio Pulse from

November 28, 2024 | 4:00 pm

Tencent (TCEHY) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating positive sentiment about its earnings prospects, which could lead to a stock price increase.

Portfolio Pulse from

November 25, 2024 | 6:15 pm

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

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