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

67.59

Mkt cap

619B

Volume

High

68.42

P/E Ratio

30.93

52-wk high

69.99

Low

67.59

Div yield

0.01

52-wk low

36.24

Tencent and the Guillemot family are reportedly considering a buyout of Ubisoft. This potential acquisition could impact the gaming industry, including competitors like EA and Take-Two Interactive.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:49 pm

Citi identifies Tencent, Trip.com Group, and Meituan as potential beneficiaries of China's new economic stimulus measures. These U.S.-listed Chinese stocks are expected to gain from increased consumer spending and market confidence.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 9:52 am

Epic Games CEO Tim Sweeney announced the company is now 'financially sound' after significant layoffs and strategic divestitures. The company laid off 830 employees and divested Bandcamp and SuperAwesome. Despite legal challenges costing $1 billion, Fortnite and the Epic Games Store have reached new user milestones.

Portfolio Pulse from Franca Quarneti

October 02, 2024 | 8:38 pm

Shaquille O'Neal may soon join Fortnite as part of the Icon series, with potential skins, accessories, and a DJ Diesel performance. This collaboration highlights Fortnite's successful partnership model, which has previously included characters from Disney's Star Wars, Marvel, and Pixar franchises.

Portfolio Pulse from Chris Katje

October 01, 2024 | 7:47 pm

Epic Games has introduced Time Limit Controls in Fortnite, allowing parents to manage their children's playtime. This update addresses previous criticisms about in-game purchases and lack of parental controls. Epic Games, backed by Tencent Holdings, aims to align with parental and regulatory demands.

Portfolio Pulse from Franca Quarneti

October 01, 2024 | 5:56 pm

Epic Games has filed a new antitrust lawsuit against Google and Samsung, accusing them of restricting competition in app distribution. The lawsuit focuses on Samsung's Auto Blocker feature, which Epic claims limits consumer choice by discouraging app downloads from sources other than Google Play and Samsung's Galaxy Store. Epic argues this violates U.S. antitrust laws and plans to bring the issue to EU regulators as well.

Portfolio Pulse from Franca Quarneti

September 30, 2024 | 3:56 pm

Chinese stocks rallied to four-month highs after the People's Bank of China cut interest rates and injected liquidity, boosting hopes for economic stimulus. The iShares China Large-Cap ETF (FXI) and other Chinese-linked ETFs saw gains. Despite potential challenges from a proposed U.S. ban on Chinese-made vehicles, Chinese ADRs and EV manufacturers like NIO and Xpeng also rose.

Portfolio Pulse from Piero Cingari

September 23, 2024 | 4:45 pm

Tencent is leveraging AI to enhance ad targeting precision, boosting its advertising revenue. The company is equipping advertisers with generative AI tools for dynamic ad creation, particularly on platforms like WeChat. This AI integration is expected to significantly increase Tencent's ad revenue.

Portfolio Pulse from Surbhi Jain

September 16, 2024 | 12:47 pm

The tech sector faces challenges despite AI buzz, with gaming giants like EA, Roblox, and Microsoft facing accusations of deceiving players. Apple launched the iPhone 16, and Netflix's gaming catalog hit 210M downloads. Qualcomm considers acquiring Intel segments, and Microsoft plans a cybersecurity summit after layoffs.

Portfolio Pulse from Lekha Gupta

September 15, 2024 | 8:03 pm

Microsoft's recent layoffs have impacted Activision Blizzard's mobile game teams, particularly those working on Call of Duty: Warzone Mobile and Warcraft Rumble. Despite high expectations, Warzone Mobile has underperformed, leading to team reductions. Warcraft Rumble also faces waning interest. These developments raise questions about Microsoft's mobile gaming strategy post its $69 billion acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

September 13, 2024 | 6:08 pm

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