Barclays maintains Tencent ADR at Equalweight
A Barclays analyst maintained Tencent ADR (OTC: TCEHY) at Equalweight and a price target of $50.00 from a prior price target of $48.00. Prior to this rating, Tencent ADR had 1 buy...
Strong Buy
or
Tencent ADR News & Analysis
-
-
China’s Baidu scraps showcase of ChatGPT rival, shares sink
By Ambar Warrick Investing.com -- Chinese internet firm Baidu Inc (NASDAQ:BIDU) on Monday canceled a planned livestream for the launch of its artificial intelligence-driven ChatGPT rival...
-
TikTok’s Next Stop Is US Courts as CEO Falls Flat
(Bloomberg) -- TikTok CEO Shou Chew’s attempts to win over Congressional lawmakers Thursday failed. But the more crucial fight to prevent the short-video app from being punished or banned is...
-
Nomura/Instinet maintains Tencent Holdings at Buy
A Nomura/Instinet analyst maintained Tencent Holdings (HK: 0700) at Buy and a price target of $510.00. Prior to this rating, Tencent Holdings had 43 buy ratings, 3 hold ratings, and 3...
-
Chinese tech stocks rise, Tencent surges on strong FY results
By Ambar Warrick Investing.com -- Major Chinese technology stocks rose on Thursday, with shares of Tencent up sharply after the internet giant logged stronger-than-expected annual earnings,...
-
Tencent's online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.
-
Tencent reports first annual revenue drop
(Reuters) - Tencent Holdings (HK:0700) reported a drop in annual revenue for the first time ever, as China's economic slowdown due to the pandemic and a long-running regulatory crackdown...
-
Dow futures steady, GameStop surges 47.4% after earnings
By Oliver Gray Investing.com - U.S. stock futures were trading in a tight range during Tuesday's evening deals, after major benchmark averages finished the regular session in a positive...
-
Tencent Music Entertainment hits 4-month low after revenue declines again in 4Q
By Geoffrey Smith Investing.com -- Tencent (HK:0700) Music (NYSE:TME) stock fell sharply in early trading in New York on Tuesday after the Chinese music streaming company reported another...
-
Big Tencent rally faces key earnings test
Tencent's successful foray into short videos and a softening regulatory backdrop have fueled a $160 billion (R2.97 trillion) rally since October, the next leg of which will hinge on a...
-
Earnings Previews: Foot Locker, PDD (Pinduoduo), Tencent Music
Two of China's biggest tech companies and a U.S. retailer are on deck to report earnings Monday or Tuesday morning.
-
Tencent founder appears to lose political clout in China
Tencent Holdings founder Pony Ma and others from China's crackdown-hit Internet sector will be absent from this year's parliamentary sessions.
-
Huawei Cloud and Tencent Cloud Announce Web3 Alliances
Coin Edition - Huawei Cloud announced the launch of the Metaverse and Web 3.0 Alliance. It partners with Blockchain Solutions, Deepbrain Chain, Polygon, and Morpheus Labs. The Tencent...
-
Tencent to Offer Metaverse-Building Services for Asian Markets
Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering...
-
Liquid Staking Protocol Ankr Docks $1.5 Billion Volume
Following a partnership announcement with Microsoft, liquid staking decentralized finance protocol Ankr swiftly reached over $1.5 billion in 24-hour trading volume, with its token sailing...
-
Tencent Cloud Dives Deeper into Web3 with New Partnerships
Tencent Cloud, along with its Web3 blockchain partners, is looking to build a stronger foundational infrastructure to help global builders in the Web3 ecosystem.
-
Tencent Cloud Announces New Web3 Initiatives
Could China’s sentiment around crypto be a turning tide? A move from Tencent Cloud this week could certainly suggest so. An unexpected investment in web3-related tools will hit the market...
-
DeFi Protocol Ankr's Token Surged 73% on Microsoft and Tencent Partnerships
Liquid staking token Ankr (ANKR) continues to trade 73% higher than Tuesday's open after it announced partnerships with technology giants Microsoft and Tencent.
-
Tencent Cloud enters Web3, strikes deals with Avalanche, Ankr
Tencent Holdings' cloud service provider, Tencent Cloud, has announced its interest and entry into web3.
-
Mark Zuckerberg’s Metaverse ambitions could get a big boost as Tencent discusses selling the Meta Quest 2 headset in China
Facebook has been blocked in the country for 14 years.
-
Tencent in Talks to Sell Meta's Quest 2 VR Headset in China
China’s biggest videogame company is seeking to be the country’s exclusive seller of the Facebook parent company’s popular virtual-reality headset.
-
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making...
-
Tencent Abandons VR Hardware Plans Amid a Strategic Shift
Tencent will not venture into VR hardware as a tougher regulatory crackdown and a challenging economic outlook force the company to reduce its metaverse bets.
-
Tencent to walk away from metaverse VR hardware
Due to the economic downturn, Chinese tech giant Tencent Holdings is reportedly ditching its plan to manufacture virtual reality (VR) gear and scaling back its recently assembled metaverse...
-
Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters - sources
By Josh Ye HONG KONG (Reuters) - Tencent Holdings (HK:0700) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to...
-
Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters – sources
By Josh Ye HONG KONG (Reuters) – Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs...
-
Tencent Teams Up with MultiversX To Expand Web3 Strategy
The Chinese technology company behind the popular messaging app WeChat will utilize the MultiversX network infrastructure to build new products in the Web3 and metaverse spaces.
-
Naspers top dogs dump shares worth R1.8 billion during buyback
Naspers and Prosus announced their share repurchase programme in June 2022, where they are selling part of their Tencent stake to buy back their own stock — and executives and directors have...
-
How much money you would have if you invested R100 in Tencent and Naspers
Tencent significantly outperformed Naspers over the last eighteen years, which raises questions about Naspers' management and capital allocation.
-
U.S. stock futures move broadly lower ahead of Fed decision, corporate results
By Scott Kanowsky Investing.com -- U.S. stock futures slipped on Monday, with traders eyeing the release of the Federal Reserve's latest interest rate decision and a slew of corporate...
-
European stocks edge lower as key Federal Reserve rate decision looms
By Scott Kanowsky Investing.com -- European shares declined in early trading on Monday, with investors looking ahead to a Federal Reserve meeting and key economic data later this week. At...
-
China’s video game makers come in from the cold as crackdown eases
By Josh YeHONG KONG (Reuters) - China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining...
-
Tencent, NetEase shares rise as China gaming crackdown eases
HONG KONG (Reuters) - Shares of Tencent Holdings (HK:0700), the world's largest gaming company, and smaller rival NetEase (NASDAQ:NTES) Inc rose on Wednesday after China's video games...
-
Tencent Shares Nearly Double From October Low as Crackdown Eases
(Bloomberg) -- Shares of Tencent (HK:0700) Holdings (OTC:TCEHY) have nearly doubled from their recent lows on growing signs that China is preparing to end its crackdown on major tech firms...
-
Amazon, Salesforce Job Cuts Are Warning Signs for Stock Prices
(Bloomberg) -- Tens of thousands of tech sector job cuts may not be enough to reverse the collapse in share prices, given the looming economic downturn could slash companies’ revenues far...
-
Prosus, Standard Chartered rally on mood shift in China
By Geoffrey Smith Investing.com -- Shares in Prosus (JO:PRXJn) (OTC:PROSF) and Standard Chartered (OTC:SCBFF) stood out in early trading in Europe on Wednesday, both rising in...
-
5 biggest deals of 2022: Musk's Twitter buyout, Microsoft-Activision
As we head into 2023, here's a look back at a year that saw dealmaking slow into year-end amid rising interest rates by central banks, with three of the top five deals fraught with...
-
China to import 44 foreign video games, grants multiple licences to Tencent
By Josh Ye HONG KONG (Reuters) -China's video game regulator granted publishing licences to 44 foreign games for domestic release，including seven from South Korea, further lifting rigid...
-
Tencent chief blasts managers in fiery townhall - sources
By Josh Ye HONG KONG (Reuters) - The founder of Chinese tech giant Tencent Holdings Ltd (HK:0700) told employees many “corruption” issues had been discovered within the company and...
-
China Tech Earnings Beat Fuels Upswing Optimism
(Bloomberg) -- China’s beleaguered technology sector may have finally turned the corner, if earnings from top firms are anything to go by. Market watchers are growing increasingly upbeat...
-
Tencent to hand $20 billion Meituan stake to shareholders as sales slip
By Josh Ye HONG KONG (Reuters) - China's Tencent Holdings (HK:0700) said on Wednesday it would return capital to shareholders through a dividend distribution of its $20.3 billion stake in...
-
Hang Seng Index, Alibaba, TSMC, Tencent... Why are Chinese stocks rallying today?
By Senad Karaahmetovic Chinese stocks listed in the U.S. are trading sharply higher in pre-open Tuesday to reflect strong gains recorded in the Asian trading session. The Hang Seng Tech...
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
