Tencent Holdings Limited

700 KYG875721634

Internet Services

Market Closed - Hong Kong S.E. Other stock markets 01:38:05 18/07/2024 pm IST			5-day change	1st Jan Change
369.2 ^HKD	-0.70%		-4.05%	+25.75%

16/07	PwC weighs halving of China financial services audit staff, say sources	RE
16/07	Heytea Opens Pop-Up Store in Paris In Time for Olympics	MT

Shares of Tencent, NetEase rise as China gaming crackdown ends

January 18, 2023 at 06:58 am IST

HONG KONG (Reuters) - Shares of Tencent Holdings, the world's largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China's video games regulator granted the first gaming licences in 2023, further easing an industry crackdown.

Tencent's shares were set to open up 1.7%, while NetEase's stock was set to jump 4.8%.

(Reporting By Anne Marie Roantree; Editing by Jacqueline Wong)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TENCENT HOLDINGS LIMITED	369.2 HKD	-0.70%	-4.05%	437B
NETEASE, INC.	145.6 HKD	-0.27%	+2.10%	59.9B
NETEASE, INC.	92.94 USD	-0.03%	+3.12%	59.9B

Latest news about Tencent Holdings Limited

PwC weighs halving of China financial services audit staff, say sources	16/07	RE
Heytea Opens Pop-Up Store in Paris In Time for Olympics	16/07	MT
Tencent Holdings To Spread Year-End Bonuses, Housing Allowance Monthly	12/07	MT
Tencent-Backed WeBank Establishes Tech Headquarters in Hong Kong	11/07	MT
Jefferies Adjusts Tencent Holdings' Price Target to HK$484 From HK$480, Keeps at Buy	11/07	MT
Tencent-backed Shift Up, 'Nikke' game maker, rises 33% in South Korea debut	11/07	RE
China Clears Hong Kong IPO Application of Tencent, Lenovo-Backed Retailer Dmall	09/07	MT
Temasek portfolio value logs modest rise; has a cautious approach to China	09/07	RE
DouYu International Falls to Q1 Loss as Livestreaming Revenue Drop 42%	05/07	MT
China's CICC eyes Southeast Asia expansion in bid to ease domestic woes	04/07	RE
China stocks fall on soft economic data; HK gets tech boost	03/07	RE
China leading generative AI patents race, UN report says	03/07	RE
Chinese social media companies condemn hate speech against Japanese after knife attack	01/07	RE
Global markets live: Bayer, FedEx, Nvidia, KKR, Verizon...	26/06
Tencent's 'Dungeon & Fighter' game dominates China's mobile download charts	26/06	RE
Tencent's New Game Brings in $270 Million on iOS in First 30 Days	25/06	MT
Naspers Key Profit Figure Nearly Doubles, Ecommerce Swings to Profit -- Update	24/06	DJ
S.Africa's Naspers profit doubles on Tencent, e-commerce performance	24/06	RE
Prosus full-year core headline earnings jump 84%	24/06	RE
Hong Kong Stocks Extend Losing Streak as Yuan Tumbles to 7-Month Low; Zhonggan Communication Launches IPO	21/06	MT
Ant Group weighs exiting personal credit firm Baihang, Bloomberg News reports	21/06	RE
Tencent Removes Mobile Game from App Stores of Chinese Phone Makers	21/06	MT
TikTok says US ban is inevitable without a court order blocking law	20/06	RE
Tencent's 'Dungeon & Fighter' game pulled from some Android app stores	20/06	RE
Tencent-Backed TymeBank Seeks $150 Million Ahead of Potential IPO	13/06	MT

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Company Profile

Tencent Holdings Limited specializes in Internet services. Net sales break down by activity as follows: - development of mobile applications (54.8%): development of online gaming platforms, instant messaging system (QQ), gaming software, photo downloading software, online payment systems, etc.; - development of electronic payment solutions and services (26.5%); - online advertising services (17.1%); - other (1.6%). China accounts for 93% of net sales.

Sector

Internet Services

Calendar

14/08/2024 - Q2 2024 Earnings Release

Related indices

HONG KONG HANG SENG

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Analysis / Opinion

Tencent Holdings: Growth as the answer to every question

May 24, 2024 at 06:59 pm IST

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Ratings for Tencent Holdings Limited

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

345.8 CNY

Average target price

430.4 CNY

Spread / Average Target

+24.48%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Internet Services

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Other Internet Services

Tencent Holdings Limited

Equities

700

KYG875721634

Internet Services

Shares of Tencent, NetEase rise as China gaming crackdown ends

Stocks mentioned in the article

EPS Revisions