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

2M

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

Derek Yan from KraneShares highlights China's rapid AI adoption, with major internet companies like Alibaba, Tencent, and JD.com leading the charge. U.S. investors can access these opportunities through the KraneShares Hang Seng TECH Index ETF (KTEC).

Portfolio Pulse from Surbhi Jain

September 11, 2024 | 7:16 pm

Ubisoft faces pressure from minority shareholder AJ Investments to go private after a significant stock drop following the release of Star Wars Outlaws. The hedge fund criticizes Ubisoft's management and suggests a potential proxy fight if demands are not met.

Portfolio Pulse from Franca Quarneti

September 10, 2024 | 5:59 pm

Alibaba Group Holding (NYSE:BABA) is joining China's Stock Connect program, allowing mainland investors to invest in the company. This move is expected to attract significant capital inflows, potentially up to $12 billion in six months. Alibaba's inclusion aligns it with other major Chinese tech firms like Tencent and Xiaomi.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 4:47 pm

Roblox Corp (NYSE:RBLX) is aiming for 1 billion users by collaborating with major companies like Apple, Alphabet, and Shopify. The company is introducing new tools and revenue-sharing models to attract more game developers. Roblox's stock has risen 53% in the past year.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 12:28 pm

Nvidia AI chips are being smuggled into China, allowing smaller cloud providers to offer competitive rates despite U.S. sanctions. This highlights ongoing Chinese investment in AI and the impact of export controls on companies like Alibaba and Nvidia.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 12:18 pm

Alibaba's Taobao and Tmall platforms now accept WeChat payments, aiming to expand market share in China amid intense competition. This move could help Alibaba grow in less developed regions. Alibaba's stock has declined 13% over the past year. The company also launched a new digital technology company and reported a 4% revenue growth in Q1, missing analyst expectations.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 1:22 pm

Nvidia continues to dominate the AI chip market despite challenges from Huawei, which struggles with its software platform. Nvidia's stock has surged 146% in the past year, though it recently traded down 7.65%. Investors can access Nvidia through ETFs like VGT and IWF.

Portfolio Pulse from Anusuya Lahiri

September 03, 2024 | 4:32 pm

Chinese tech giants Alibaba, Tencent, and Baidu have significantly increased their AI investments in 2024, despite US sanctions limiting access to Nvidia's top AI chips. They are focusing on AI infrastructure and acquiring lower-performance Nvidia processors.

Portfolio Pulse from Benzinga Neuro

August 26, 2024 | 1:29 pm

Chinese AI developers are bypassing U.S. semiconductor sanctions by using Nvidia chips through overseas data centers. Alibaba, Tencent, and Baidu are increasing investments in AI infrastructure. Nvidia's stock has surged due to AI demand, while Alibaba's stock has declined due to economic challenges and sanctions.

Portfolio Pulse from Anusuya Lahiri

August 26, 2024 | 12:17 pm

Alibaba Group Holding Ltd. (NYSE:BABA) is changing its listing status in Hong Kong to allow mainland Chinese investors to trade its shares through the Stock Connect program. This move is expected to increase liquidity and trading volume for Alibaba's shares. The decision comes amid a challenging environment for Chinese tech companies, with Alibaba's recent earnings showing mixed results. Alibaba's ADR in the U.S. saw a slight decline, while its Hong Kong shares have risen this year.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:53 am

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