While the Chinese internet giant Tencent is best-known for its super-app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of its most notable and still active investments include Reddit, Snap, and Fortnite creator Epic Games.Things might get a little awkward, though, because Tencent was designated a “Chinese military company” by the U.S. Department of Defense on Monday. The listing serves as a warning from the U.S. about companies it claims are involved in Chinese “military-civil ...

Shares of Tencent (TCEHY -7.50%), the Chinese tech giant and owner of the WeChat superapp, were tumbling Monday after the U.S. Department of Defense listed the company as a Chinese military entity in a Federal Register filing.Such a move could carry significant implications for Tencent on trade, technology, and intellectual property, so it's not surprising that its stock fell in the wake of that news. As of 1:36 p.m. ET, Tencent shares were down 9.7% for the session. Tencent could be the latest victim in th ...

Goldman Sachs analyst Ronald Keung maintained a Buy rating on Tencent Holdings ADR TCEHY and a price target of 542 Hong Kong dollars ($69.70 U.S. dollars).Keung attended the Tencent Video All-Star Night alongside investor meetings held in Macau on Jan. 4, 2025, hosted by Tencent’s Chief Strategy Officer James Mitchell, Tencent Video CEO Sun Zhonghuai, China Literature CEO Hou Xiaonan and the Investor Relations team.The analyst flagged platform leadership over the years on the back of patience and balanced e ...

BEIJING, Dec. 3, 2024 /PRNewswire/ -- Tencent today announced the launch of the CarbonX Program 2.0, the latest phase of its initiative to drive the next generation of climate technologies and essential capabilities needed for a net-zero world by 2050. After a successful first iteration focusing on China-based projects, CarbonX 2.0 is now recruiting promising innovations from around the world and supporting them with catalytic funding and resources.In the race to limit global warming and achieve net-zero em ...

I prefer to look for GARP (growth at a reasonable price) stocks but also look for opportunities everywhere else. I don't have a specified time horizon. I invest in a stock for as long as my thesis holds true, and I get out when the facts change. In addition, I've developed market-beating algorithms with Python that have helped me find attractive investment opportunities within my own portfolio, and I have been investing since 2016.On top of that, I've worked at TipRanks as an analysis/news writer and even a ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Investors might want to bet on Tencent Holding Ltd. (TCEHY) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the ...

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said.  More clients are interested in engaging in the creation of their own super apps, a service Tencent Cloud offers by way of sharing its technology and operational experience gained as it est ...

Five eminent speakers, including Nobel laureates and the top Chinese physicist Qi-Kun Xue, share groundbreaking insights at the Tencent WE Summit in Chengdu.SHENZHEN, China, Nov. 15, 2024 /PRNewswire/ -- On November 3, the 12th Annual Tencent WE Summit took place at the Chengdu Science Fiction Museum. Five world-renowned scientists took the stage, including Qi-Kun Xue, President of Southern University of Science and Technology, and professor at Tsinghua University; Kip S. Thorne, Nobel laureate and Feynman ...

On a generally gloomy Thursday for the stock market, Tencent Holdings (TCEHY 3.05%) was something of a standout. On the Chinese company's latest news, investors piled into its shares, leaving them with a more than 3% increase at market close. This compared very favorably to the S&P 500 index's 0.6% dip on the day.A big bottom-line popTencent reported its third-quarter results after market hours on Wednesday, revealing that it managed to grow revenue by 8% year over year in the period to over 167 billion yua ...