In 3Q24, TCEHY generated RMB 167.2 billion, posting revenue growth of 8.13% y/y and 3.7% q/q. During this period, operating and net margins have expanded while FCF margin remains high. Currently, TCEHY is facing multiple headwinds due to geopolitical tensions and China's deteriorating economy. Recently, the US has added TCEHY to the Chinese military blacklist, impacting its valuation and investor sentiment. That being said, TCEHY continues to demonstrate robust topline growth and operational excellence. The company has multiple initiatives to ensure stability and growth.
Tencent Holdings Ltd., China's tech giant and social media behemoth, is navigating turbulent waters following its inclusion on a list over alleged ties to the Chinese military.
The Defense Department added video game maker Tencent Holdings to its "blacklist" of companies doing business in the U.S. while allegedly aiding the Chinese military.
The US has blacklisted Tencent Holdings and Contemporary Amperex Technology. for alleged links to the Chinese military.
The US has blacklisted Tencent and CATL for alleged links to the Chinese military in a surprise move weeks before Donald Trump takes office. The blacklisting may disrupt the global electric-vehicle battery market, as CATL is a major supplier to Tesla and other automakers, and may escalate tensions between the US and China.
Tencent's stock is undervalued; I rate it a 'Strong Buy' with a fair value of HKD 550 or USD $70 per share. Tencent dominates China's online game market, despite government restrictions, and is expected to outgrow the market with new titles and monetization improvements. Marketing Services and FinTech are key growth drivers, with Marketing Services growing 16.7% and FinTech 15.1% year-over-year in FY23.
Over $120 billion was wiped from the value of Tencent Holdings (HKG:0700, OTC:TCEHY) after the US Department of Defense added the tech giant to its list of Chinese military companies. Battery maker CATL, also included on the list, saw its Shenzhen shares dip 2.8%.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
US Tariffs in Focus: Markets Shaken as Trump Denies Policy Shift Amid Growing Speculation on Sectoral Tariff Targets.
Chinese web giant Tencent was added to a U.S. government list of military-linked companies, spooking investors and triggering as much as a 7% plunge in its Hong Kong-listed shares.
While the Chinese internet giant Tencent is best-known for its super-app WeChat, it's also a major investor in U.S. tech companies and startups. Some of its most notable and still active investments include Reddit, Snap, and Fortnite creator Epic Games.
Shares of Tencent (TCEHY -7.69%), the Chinese tech giant and owner of the WeChat superapp, were tumbling Monday after the U.S. Department of Defense listed the company as a Chinese military entity in a Federal Register filing.