TCEHY Stock Recent News

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.

A new Exchange-Traded Fund (ETF), the Roundhill China Dragons ETF (DRAG, Financial), has been launched to capture the performance of China's leading large-cap companies. The fund tracks an equal-weight basket of 5 to 10 of China's largest and most innovative tech companies, currently including Tencent (TCEHY), Pinduoduo (PDD), Alibaba (BABA), Meituan (MPNGY), BYD (BYDDY), Xiaomi (XIACY), JD.com (JD), Baidu (BIDU), and NetEase (NTES).

Tencent reported solid second quarter results, with revenue growing in the high-single digits and the bottom line almost doubling. Similar to many other Chinese stocks, Tencent jumped in the last week, and we can hope that sentiment might finally change regarding Chinese stocks. Tencent still has several growth opportunities in International Games, Online Advertising, and FinTech.

Chinese stocks have surged due to an $114 billion stimulus package aimed at boosting liquidity and economic growth. Tencent, despite lagging behind other Chinese tech giants, is well-positioned to benefit from increased consumer spending and improved market sentiment. Tencent's gaming, advertising, and fintech segments are expected to see significant growth from the stimulus measures.

Here is how Tencent Holding Ltd. (TCEHY) and Alps Electric (APELY) have performed compared to their sector so far this year.

Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year. It comes after China's central bank announced measures to stimulate the world's second-largest economy would be coming.

Tencent Holdings Ltd TCEHY TCTZF is harnessing the power of AI to shake up the digital advertising space in a big way.

Singapore Kicks Off the First Stop of TME's Music Journey to the World SHENZHEN, China , Sept. 12, 2024 /PRNewswire/ -- On September 11, 2024 , Tencent Music Entertainment Group (TME) announced the launch of its Global Music Outreach Initiative, which will bring together talented Chinese music artists and their works to be showcased on prominent stages worldwide.

Prosus, an Amsterdam-listed tech investment holding, trades at a 38% discount to NAV, primarily composed of publicly listed securities like Tencent. Prosus has been divesting Tencent shares and buying back its own stock at a discount, boosting NAV per share by 6-7% annually. The company's strategy increases shareholder exposure to Tencent, enhancing returns compared to a standalone Tencent investment, with expected mid-teens growth in NAV and share price.

A new video game title launched on Tuesday by a Tencent-backed startup has quickly become the most-played game on a major online platform, highlighting growing interest in Chinese-developed titles.