Tencent Holdings Ltd UNS ADR (TCEHY)
Tencent stock price analysis: will it rebound in 2025?
Tencent stock price had a good performance in 2024 as it became one of the best performers in the Hang Seng index. It has jumped by 40% this year, helped by the rebound in some prominent Chinese technology companies.
Tencent and Honor join forces in cloud and AI partnership
Tencent Holdings (HKG:0700, OTC:TCEHY) Ltd and Honor Devices Co have unveiled a long-term partnership around cloud and artificial intelligence (AI) development. Chinese smartphone maker Honor will adopt Tencent's cloud infrastructure under the deal, including for the likes of analytics and search tools.
Epic Games: Tencent-appointed board members resign amid antitrust concerns
Two Tencent-appointed board members have stepped down from Epic Games' board following concerns raised by the US Department of Justice (DOJ). The DOJ stated that their roles on the boards of both Epic Games and Tencent, a competitor, violated Section 8 of the Clayton Act, which prohibits interlocking directorates.
Tencent removes two directors from Epic Games, US Justice Dept says
Two directors of Epic Games, who had been appointed by Chinese gaming and social media firm Tencent Holdings , resigned from Epic's board after the U.S. Justice Department's antitrust division expressed concerns that their positions on both the Epic and Tencent boards violated U.S. law, the Justice Department said on Wednesday.
Why Chinese Stocks Tencent Holdings, Baidu, and Futu Holdings Rocketed Higher Today
Shares of Chinese consumer tech-oriented names Tencent Holdings (TCEHY 5.77%), Baidu (BIDU 9.23%), and Futu Holdings (FUTU 22.47%) rocketed higher on Monday, up 5.5%, 10.1%, and 21.9% as of noon ET.
Prosus nearly doubles profit in H1 on strong e-commerce, Tencent growth
Dutch technology investor Prosus NV reported on Monday an 89.5% jump in core headline earnings during its half year, driven by accelerated growth and improved profitability of its e-commerce businesses and China's Tencent.
Tencent: Reasonably Valued Even Before Considering Its Investment Portfolio
Tencent's recent pullback to $51.60 presents a buying opportunity, as its valuation doesn't price in excessive growth for its core operations, and the investment portfolio adds extra upside potential. Tencent's core operations in gaming, social networking, fintech, and cloud services generate significant cash flow, with RMB185 billion in FCF for the past 12 months. Chinese economic stimulus measures, including reduced reserve requirements and debt packages, are expected to boost Tencent's business and overall economic growth.
Tencent invests in Canadian challenger bank Neo Financial
Canadian challenger bank Neo Financial Technologies' discounted fundraising round earlier this month included a mystery Chinese investor that has been revealed to have been Chinese tech giant Tencent Holdings (HKG:0700, OTC:TCEHY) Just over two weeks ago, the Calgary, Winnipeg and Toronto-based online bank said it had secured C$360 million in a fundraising round to expand its suite of financial services products. Neo raised C$110 million via a share issue and C$250 million from debt in the funding round, in which existing investors such as Peter Thiel's Valar Ventures and Peter J.
Women prefer to play mobile games. China's Tencent sees an opportunity
Chinese gaming giant Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June. Subscribe to CNBC International TV: Click Here Subscribe to CNBC International: Click Here LinkedIn: Click Here TikTok: Click Here Facebook: Click Here Instagram: Click Here Threads: Click Here X: Click Here Telegram: Click Here
All You Need to Know About Tencent (TCEHY) Rating Upgrade to Strong Buy
Tencent (TCEHY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Tencent challenges Amazon and Microsoft's cloud dominance by tapping into its WeChat ecosystem
Tencent is increasingly leveraging its WeChat ecosystem to set itself apart from other cloud service competitors, Tencent Cloud CEO Dowson Tong said. Tong shared that many of Tencent's clients were keen on building their own mini programs on WeChat's network to attract existing users of the super app to their services.
Tencent opening its ecosystem will help transaction volume growth: Analyst
Julia Pan of UOB Kay Hian says a landmark cooperation between WeChat Pay and other e-commerce sites will help boost Tencent's transaction volumes, boding well for the tech giant's fintech business down the road.
