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China's tech giant Tencent: what you need to know
Chinese tech titan Tencent is set to invest $1.25 billion in French video game maker Ubisoft, in exchange for a 25% stake in a new subsidiary of the "Assassin's Creed" publisher.
China's Tencent ploughs €1.2bn into Assassin's Creed spin-off company
Tencent Holdings (HKG:0700, OTC:TCEHY) has invested €1.2 billion in a new Ubisoft Entertainment (OTC:UBSFF, EPA:UBI) spin-off that will manage several of the French gaming firm's flagship franchises, including Assassin's Creed, Far Cry and Rainbow Six. The deal values the new entity at around €4 billion.
Ubisoft seen up 13-15% after it sets up Tencent-backed subsidiary
Shares in Ubisoft were seen up 13-15% premarket on Friday after the French video-game maker announced plans to set up a unit with Tencent , two traders said.
Tencent invests $1.25B in Ubisoft's new core games operating division
Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six brands.
Assassin's Creed creator Ubisoft sets up 4 billion euro subsidiary, backed by Tencent
French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion).
Ubisoft spins out new unit for Assassin's Creed and other games, Tencent to take $1.25 billion stake
Ubisoft on Thursday announced it's setting up a new subsidiary that will focus on its gaming brands Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. Chinese technology giant Tencent will invest 1.16 billion euros ($1.25 billion) into the unit.
Tencent (TCEHY) Upgraded to Buy: Here's What You Should Know
Tencent (TCEHY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Tencent: Navigating Growth Deceleration, Competition, And AI Uncertainties
Tencent's 4Q24 results show 11% revenue growth and 30% earnings growth, but innovation challenges persist in gaming, relying on aging titles. Advertising growth is driven by social and media properties, but competition from Bytedance and Redbook raises concerns about sustainability. Investment in AI is a double-edged sword, potentially enhancing business segments but increasing geopolitical risks and overestimated market impact.
Tencent Music: Seizing Opportunities In Music Business Amid Hurdles
Tencent Music's 4Q24 shows strong growth in online music services but continued weakness in social entertainment, leading to a cautious stock outlook. Music subscription revenue grew 18% y/y, driven by increased paying users and ARPU, while social entertainment revenue declined 13% y/y. TME's valuation should focus on the music subscription segment, implying a 10% downside to $13/share, given the limited value of social entertainment.
Tencent launches T1 reasoning model amid growing AI competition in China
Chinese tech giant Tencent on Friday night launched the official version of its T1 reasoning model, stepping up competition in China's increasingly crowded artificial intelligence sector.
Why Tencent Music Entertainment Group Was Music to Investor Ears This Week
The market very much liked what it heard coming from China's Tencent Music Entertainment Group (TME -1.96%) this week. A better-than-expected earnings report the company published on Tuesday was enough of a hit to rise the stock nearly 12% higher in price over the period, according to data compiled by S&P Global Market Intelligence.
Tencent Q4: Multi-Model AI Strategy Will Pay Off; Doubling Shares Repurchase
I reiterate a ‘Strong Buy' rating on Tencent, driven by robust business expansion in marketing services and FinTech, and significant AI integration into consumer platforms. Tencent achieved 8.4% revenue growth and a 24% increase in adjusted operating profits in FY24, with a fair value of USD $80 per share. Tencent's cost optimization and high-quality revenue streams have improved margins, alongside a substantial share repurchase program indicating management's confidence in undervaluation.
