TENCENT 0700 HK Stock Price, News, Quote & History

It developed the popular WeChat app and several other leading digital platforms. They’ve enabled it to grow into an immensely profitable company. Tencent’s diversified portfolio of leading technology and e-commerce businesses has many people interested in learning about its stock. This guide will teach you everything you need to know about Tencent and how to Trading gold futures strategy invest in the Chinese tech stock. Nonetheless, tougher government-mandated rules for mining user data could still limit Tencent’s ability to display targeted ads in the future.

So when the tech company reported that its revenue and operating profit fell by 1% and 13%, respectively, in 2022, investors would have found it difficult to swallow. You’ll want to open and fund a brokerage account before buying shares of any company. If you need to open one, here are some of the best-rated brokers and trading platforms. Take your time to research the brokers to find the best one for you.

The Largest Companies by Market Cap in 2024

That growth was impressive since Baidu (BIDU -1.59%) — which owns China’s top search engine — posted seven straight quarters of revenue declines. On the bright side, Tencent’s online advertising and fintech and business services segments generated accelerating revenue growth. The company’s strong profitability and cash flow allowed it to return significantly more money to united world capital limited shareholders. Tencent proposed a 42% increase in its annual dividend for 2023. It also planned to double the size of its share repurchases to around 100 billion Hong Kong dollars in 2024 ($12.8 billion at the exchange rate in mid-2024). The company was able to significantly increase its cash returns while continuing to invest heavily in its business.

Tencent Company Info

Swedbank AB purchased a new position in Tencent Music Entertainment Group during the 1st quarter valued at about $1,980,000. Diversified Trust Co purchased a new position in Tencent Music Entertainment Group during the 2nd quarter valued at about $632,000. SG Americas Securities LLC lifted its position in shares of Tencent Music Entertainment Group by 33.3% in the second quarter. SG Americas Securities LLC now owns 317,594 shares of the company’s stock worth $4,462,000 after purchasing an additional 79,307 shares in the last quarter.

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2. Tencent’s social networking revenues, which include subscriptions and in-app purchases across its top social media platforms like WeChat, QQ, and Huya (HUYA -0.99%), rose 27% to 27.9 billion yuan ($4.3 billion).
3. Tencent is a publicly traded company listed on the Hong Kong Stock Exchange.
4. As of mid-2024, shares of Tencent listed on the OTC Markets Exchange had delivered a 14.8% annualized total return over the past decade, outperforming the S&P 500 during that period (12.7% annualized total return).
5. Anyone interested in investing in the Chinese e-commerce stock will need to take a few steps before becoming a shareholder.
6. That growth was impressive since Baidu (BIDU -1.59%) — which owns China’s top search engine — posted seven straight quarters of revenue declines.

Tencent (TCEHY) Q3 2024 Earnings Call Transcript

Usually, shares of a company of Tencent’s caliber won’t come cheap. But this stock — still down by more than half from its 2021 peak — is currently trading at a reasonable valuation. With its dominant market position, Tencent has plenty of opportunities to profit from its captive users. To keep making money from its ecosystem, all it has to do is ensure that it remains the preferred communication platform in China.

Finally, Fiera Capital Corp grew its position in Tencent Music Entertainment Group by 21.2% during the third quarter. Fiera Capital Corp now owns 434,353 shares of the company’s stock valued at 18 british pound sterling to danish krone $5,234,000 after purchasing an additional 75,991 shares in the last quarter. 24.32% of the stock is currently owned by hedge funds and other institutional investors. However, Tencent’s depressed valuation reflects the dark antitrust cloud that is casting shadows across all its businesses. Until that oppressive cloud dissipates, it’s smarter for investors to stick with other growth stocks that don’t face any near-term regulatory headwinds.

Hong Kong stocks near 7-week low during first-ever typhoon trading session

Tencent’s third quarter revenue surged 8%, with strong growth in gaming. The Shenzhen-based tech giant has grown to more than 108,800 employees, as nearly two years of downsizing comes to an end. How have some of China’s biggest tech companies fared in their third-quarter earnings revelations? « Separately, Advance is buying derivatives on the shares, which will allow it to maintain its ownership stake while enabling it to create the credit facility, » the report said.