I maintain a Buy rating for Tencent Music Entertainment, taking into consideration the multiple positives for the stock. TME's online music services revenue is resilient despite China's economic slowdown. The introduction of the new higher-priced Super VIP plan is expected to enhance ARPPU and drive future revenue growth for TME.
Does Tencent Holding Ltd. (TCEHY) have what it takes to be a top stock pick for momentum investors?
Tencent (TCEHY, Financial) is experiencing a notable decline today, with its share price down by 8.9% to $56.80 amidst investor concerns over the extent of economic stimulus measures from the Chinese government.
Uncertainty surrounding China's stimulus plans is causing volatility for Tencent.
France-based video game publisher Ubisoft acknowledged recent “press speculation” that its founders were in talks to sell the company. Bloomberg News reported last week that the Guillemot family, which founded Ubisoft in 1986, was in talks with Tencent about a potential buyout.
Shares of Ubisoft jumped more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker.
Tencent and Ubisoft's founding Guillemot family are considering options including a potential buyout of the French video game developer after it lost more than half its market value this year, according to sources. Bloomberg's Benoit Berthelot joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
Bloomberg reported that Tencent and Ubisoft's founding Guillemot family are discussing a potential buyout of the French video game developer.
Tencent Holdings and Ubisoft Entertainment's founding Guillemot family are considering options including a potential buyout of the "Assassin's Creed" maker, Bloomberg News reported on Friday.
Tencent Holdings is considering a possible buyout of Ubisoft Entertainment with the Guillemot family, which founded the French video game publisher, Bloomberg reported Friday, sending Ubisoft's stock soaring after falling to a decade-low.
Ubisoft shares surged 30% Friday after a media report that Tencent and the firm's founding Guillemot family are considering a potential buyout of the company.
Sources reveal that Tencent and France's Guillemot family are contemplating a potential acquisition of Ubisoft (UBI, Financial). However, discussions are at an early stage and may not result in a transaction.