Tencent Holdings Limited (TCEHY)
|Net Income (ttm)
|May 18, 2023
|36.51 - 36.84
|33.00 - 50.18
Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile paymen... [Read more]
In 2022, TCEHY's revenue was 554.55 billion, a decrease of -0.99% compared to the previous year's 560.12 billion. Earnings were 188.24 billion, a decrease of -16.27%.Financial numbers in CNY Financial Statements
According to one analyst, the rating for TCEHY stock is "Buy" and the 12-month stock price forecast is $46.0.
China's Tencent Holdings has been working to adapt acclaimed action role-playing console game "Elden Ring" into a mobile version, three people familiar with the matter said, as it searches for a new h...
Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud rules, including for corruption and embezzlement.
Tencent halted the development of a highly anticipated mobile game based on Square Enix's "Nier" franchise in December, according to three people with knowledge of the matter, marking a setback in the...
Pony Ma, chief executive and co-founder of Tencent Holdings , has said that the company's video games business faces great challenges from competitors but is catching up in artificial intelligence (AI...
Riot Games is laying off about 530 employees, which represents 11% of its workforce, the Tencent-owned company announced on Monday. The League of Legends maker is also sunsetting its five-year-old pub...
Tencent announces layoffs, plus what the labor market is signaling about the economy
Tencent (TCEHY, 0700.HK) — the parent company of social media app TikTok — shares are trading higher after announcing layoffs at video game developer Riot Games, joining the ranks of companies rolling...
As the S&P 500 hits new highs, Chinese stocks are closing in on lows reached more than a decade ago.
Chinese stocks surged on Tuesday amid reports of mooted stimulus plans and a sign that tough draft tech rules could be eased.
Riot Games, the developer of the popular "League of Legends" multiplayer battle game, is joining other tech companies that have been trimming their payrolls with a layoff of 11% of its staff.
Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local tit...
China's gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a m...
Riot said it's cutting headcount for Legends of Runeterra and giving up on an initiative to publish games from indie developers.
Videogame maker Riot Games on Monday said it would lay off around 530 employees globally, or around 11% of its total staff, as it tries to narrow its focus after making what executives said were sever...
Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11% of staff globally, the online gaming company said on Monday in a blog that included a letter to staff from CEO Dylan Jadeja.
SHENZHEN, China--(BUSINESS WIRE)--The globally renowned sports brand PUMA has officially signed a strategic partnership agreement with Tencent for the 2024 GGP (GMV Growth Plan), leveraging each other...
TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world's largest video games company, Tencent , as the Chinese social media fi...
Tencent And NetEase Stocks Continue To Rebound As China Reportedly Ousts Official Who Proposed New Gaming Restrictions
The Chinese government has ousted a top official in charge of regulating the country's gaming industry, according to reports, in a likely effort to stem the damage from a stock market rout over propos...
Chinese gaming stocks rose on Wednesday to outperform a weak broader market, after Reuters reported China removed a gaming regulatory official.
Recently beaten-down China online gaming stocks rebounded on Wednesday in Hong Kong on news of a more conciliatory tone on the sector by the country's top gaming regulator.
SHANGHAI, Dec 27 (Reuters) - China's Tencent Holdings (0700.HK) saw its shares stage a partial rebound on Wednesday, the first day of trade after authorities vowed to make improvements to proposed rul...
Chinese online gaming stocks rose Wednesday, recovering some losses from the previous session after the country's top gaming regulator said it will “carefully study” the concerns of all stakeholders o...
China's proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS.
Tencent leads China selloff amid new gaming restrictions
Shares of tech conglomerate Tencent (0700.HK) were down more than 12% Friday morning amid an $80 billion market selloff in Chinese gaming stocks, sparked by new, unexpected restrictions from Beijing. ...
Beijing's internet clampdown isn't done yet, wiping tens of billions of dollars off the value of games companies, but the damage is hard to quantify.
Tencent loses over $43 billion in market value after China proposes new online gaming rules
CNBC's Joe Kernen reports on the latest news.