Overall, CGS-CIMB projects Tencent’s Q3 revenue to grow 7.6% year-over-year, with a 14.9% increase in non-GAAP net profit. CMB International Reaffirms Optimistic Outlook Similarly, Saiyi HE from CMB International Securities is also bullish on Tencent’s gaming division. Saiyi stated that the ...
Chinese tech giant Tencent Holdings (OTC:TCEHY) (HK:0700) may finally have found a bestselling gaming title for 2024 in the form of Dungeon & Fighter (DnF) Mobile. The game launches with a bang in China, raking in around $270 million on iOS within a mont
While we share best practices, each studio maintains its uniqueness, which is their core strength, and we plan to continue strengthening these strengths. Our attitude towards the gaming team is not critical; our gaming team did a lot of the right things, but no team or game was perfect. ...
Today, Chinese mobile gaming giantTencent reported its highest share price risein one day since July 2023, thanks to the surprise announcement of Dungeon and Fighter Mobile’s Chinese release date. The company has been working on this mobile adaptation of the online beat-’em-up for over seven...
Importantly, DnF Mobile’s success could be a major boost for Tencent’s domestic gaming division. Last month, the company had to suspend DnF Mobile within an hour of its launch as its servers got overwhelmed. Is Tencent a Buy, Sell, or Hold? Impressively, Tencent’s share price has ...
Following regulatory approval from the Chinese government for two of their games, Tencent have seen a 4.1% boost to their share price as investors cheer.
Driven by the economic recovery and tightened supervision in areas such as platform economy and gaming, Tencent's stock price has rebounded from its lows in late October 2022. Its current market value is close to 2.87 trillion yuan. The net asset value of Tencent held by Prosus is approximate...
Tencent's investment strategy is heavily focused on the entertainment and gaming industry. For the internet giant, which derives most of its profits from the gaming business, synergy with game, music and video service providers is incredibly profitable. Tencent also invests in overseas companies, inc...
Driven by the economic recovery and tightened supervision in areas such as platform economy and gaming, Tencent's stock price has rebounded from its lows in late October 2022. Its current market value is close to 2.87 trillion yuan. The net asset value of Tencent held by Prosus is approximate...
Tencent’s battered share price, trading at 24 times next year’s earnings, compared with 43 times at the start of the year, reflects the uncertainties it faces. But its plans to reduce its reliance on gaming makes sense. Bold investors should give it the benefit of the doubt. ...