There is still a lot of work to be done, but it is starting to look like the technology sector in China’s stock market could soon be about to pose a recovery. There are not too many investors brave enough to venture into overseas markets, let alone China, given the current geopolitical tensions that negatively affect business valuations in the region. However, no country is excluded from these effects.Tencent TodayTCEHYTencent$47.34 -1.64 (-3.35%) 52-Week Range$33.00▼$52.10Dividend Yield0.80%P/E Ratio24.92P ...

Airwallex, which was most recently valued at $5.5 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates.Tencent-backed payments startup Airwallex is nearing an annual revenue run rate of $500 million and will look to get ready for an initial public offering by 2026, CEO and co-founder Jack Zhang told CNBC in an exclusive interview."I think the next big milestone is the $1 billion. Hopefully we can achieve that in 2026, or 2027. That is the goal," Zhang said, in re ...

Good day and good evening. Thank you for standing by. Welcome to Tencent Holdings Limited 2024 Second Quarter Results Announcement Webinar. I'm Wendy Huang from Tencent's IR team. At this time, all participants are in a listen-only mode. After management's presentation, there will be a question and answer session. For participants who dial in by phone, if you wish to ask a question, please press five or three dots in. If you are accessing from the Tencent Green or Greenpeace application, please click the re ...

Tencent delivered solid earnings, but macroeconomic fears in China appeared to outweigh the good results.Shares of Chinese tech giant Tencent Holdings (TCEHY -3.35%) plunged 5.9% at one point today before recovering to a 4.1% decline as of 2:35 p.m. EDT.At first, it was hard to pinpoint the reason for the decline. Tencent's second-quarter results came in ahead of expectations, including a return to growth in its important Domestic Games segment. However, Tencent's fintech segment slowed markedly, which dove ...

Tencent Holdings reportedly said it is in discussions with Apple about sharing revenue from its WeChat mini games.The remarks, made Wednesday (Aug. 14) during the company’s earnings call, confirm an earlier media report that Tencent has been pressured by Apple to change its apps to close a loophole that allows developers to collect payments from users without paying a commission to Apple, Bloomberg reported Wednesday.Tencent is exploring adding in-app transactions via Apple’s iOS payment system that would a ...

BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group – ADR TME with a price target of $15, down from $18.Tencent Music reported a fiscal second-quarter 2024 revenue of $985.00 million (7.16 billion Chinese yuan), missing the analyst estimate of $996.68 million (7.12 billion Chinese yuan). The EPS of 16 cents (1.19 Chinese yuan) aligned with the consensus estimate. Tencent Music delivered a broadly inline second-quarter result, Zhang noted. At the same time, the comp ...

Tencent Holdings Limited (OTCPK:TCEHY) Q2 2024 Earnings Conference Call August 14, 2024 8:00 AM ET Company Participants Wendy Huang - Investor Relations Pony Ma - Chairman and Chief Executive Officer Martin Lau - President James Mitchell - Chief Strategy Officer John Lo - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Kenneth Fong - UBS Ronald Keung - Goldman Sachs Alex Yao - JP Morgan Charlene Liu - HSBC William Packer - BNP Paribas Thomas Chong - Jefferies Gary Yu - Morgan Sta ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Chinese internet giant Tencent announced on Wednesday an 82 percent surge in second-quarter net profit, its biggest jump since late 2020, after a resurgence in its gaming business. Tencent is one of the most valuable players in China's tech industry, operating the country's ubiquitous WeChat ...

Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023.Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here's how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12 billion Chinese yuan ($22.5 billion) versus 160.77 billion yuan expected.Profit attributable to equity holders of the company: 47.63 billion Chinese yuan versus 39.95 billion yuan expected.Revenue was up 8% ...

Tencent Music Entertainment (NYSE:TME) stock is falling on Tuesday after the online music entertainment platform company reported earnings for the second quarter of 2024.The bad news for investors in TME stock starts with its adjusted earnings per share of 65 cents. That’s a miss next to Wall Street’s estimate of 1.18 yuan. Adding to this trouble is revenue of 7.16 billion yuan. That only just came in above analysts’ revenue estimate of 7.14 billion yuan.Tencent Music Entertainment also notes that its Q2 20 ...