Tencent 0700 04 (Oct 21 - Dec 25)

[winston]

not vested

TENCENT's Major Equity Investments, Valuation Forecasts (Table)

Share│Stake│Estimated Total Value (HKD)│Estimated Value per Share (HKD)
KUAISHOU-W (01024.HK) 21.5%│71.1 billion│7.4
MEITUAN-W (03690.HK) │17.2%│243.1 billion│25.3
Pinduoduo (PDD.US) │16.5%│94.3 billion│9.8
KE Holdings (BEKE.US) │11.6%│20.8 billion│2.2
Korean online game developer Netmarble│17.6%│11.3 billion│1.2
SEA (SE.US) │25.6%│246.8 billion│25.7
ZA ONLINE (06060.HK) │10.2%│180 million│-
Yixin Capital│20.6%│1.6 billion│0.2
TONGCHENGTRAVEL (00780.HK) │21.6%│7.25 billion│0.8
NIO (NIO.US) │15.5%│57.4 billion│6
BILIBILI-SW (09626.HK) │14.6%│20.5 billion│2.1
MAOYAN ENT (01896.HK) │13.8%│1.42 billion│0.1
Vipshop Holdings (VIPS.US) │3%│1.33 billion│0.1

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TENCENT's major shareholder investment (excluding JD)│-│777.2 billion│80.8

JPM Expects JD-SW (09618.HK) Shr Price to be Subdued in Next Few Mths; Long-term Fundamentals Intact

Sources: Morgan Stanley, Refinitiv, etc.. AAStocks Financial News

[behappyalways]

Tencent sells a stake in Sea for US$3 billion
https://www.theedgesingapore.com/news/d ... s3-billion

[winston]

vested

WeChat Mini-program Payment Users +80%, Monetization Scale +90% in 2021

TENCENT (00700.HK)'s WeChat mini-programs recorded 450 million daily active users in 2021, a year-on-year increase of 32%, revealed Zeng Ming, the person in charge of the mini-applications.

The size of payment mini-program users expanded by 80% annually, along with a sharp uptick in average transaction value.

The monetization scale also magnified by 90%, with 90% stemming from small and medium-sized merchants. This reflected a rather healthy trend in the mini-program ecology.

Related News: M Stanley: Tencent's Stake Cut in Sea Proves Ongoing Commitment to Long-term Growth with Affiliates, Unlocks Small Part of Investment Value

Source: AAStocks Financial News

[winston]

vested

WeChat Channels to Launch Paid Live-streaming Studio Service

WeChat announced that WeChat Channels will launch paid live-streaming studio service, along with fee-charging and tipping features for videos of different lengths.

In addition to that, WeChat Channels will also build a new streamer growth platform this year, with the aim to facilitate people to develop and grow their careers as an online streamer.

Source: AAStocks Financial News

[winston]

Tencent’s 2022 strategy indicates a downsizing of vast tech empire to ride out China’s regulatory storm, fuel new growth

Tencent may go for more divestments, while chasing fewer acquisitions this year, analysts say

After selling its stakes in JD.com and Singapore-based Sea, Tencent may opt to unload its interests in Meituan, Pinduoduo and Kuaishou

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... 686155fecd

[winston]

M Stanley's Valuation Forecast on Tencent, Its Key Listed Co. Holdings (Table)

Item│Valuation (HKD)│Valuation per share (HKD)
Core business│4.82 trillion│500
Unlisted associates│152 billion│16
KEHoldings Inc (BEKE.US) (11.6% stake)│18 billion│2
Pinduoduo (PDD.US) (15.6% stake)│155 billion│16
SEA (18.7% stake)│245 billion│ 25
MEITUAN-W (03690.HK) (20.3% stake)│307 billion│32
BILIBILI-SW (09626.HK) (12.4% stake)│13 billion│1
KUAISHOU-W (01024.HK) (21.5% stake)│73 billion│8│
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Total valuation│5.786 trillion│600

Related News: DBS Sees CN Internet's Regulatory Risk Controllable; Online Games to Face Higher Uncertainty in 1Q

AAStocks Financial News

[winston]

not vested

Tencent quietly updates QQ with Unreal game engine in possible metaverse move

New feature called Super QQ Show launches on QQ, allowing users to socialise and interact as they would in games like Animal Crossing

Analysts say QQ engine update could be a major move by Tencent into metaverse-related projects

by Josh Ye

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... f8d24ec27b

[winston]

not vested

Tencent Holdings (700 HK)
Potential Yet To Be Unlocked; Near-term Regulatory Risks Persist

The absence of near-term catalysts continues to limit the upside for Tencent.

In the near term, we believe the performance of overseas games should continue to support Tencent’s online game segment.

We expect further room for monetisation from the Weixin ecosystem (short videos) as well as the continued regulatory push on platform interoperability, which should provide meaningful monetisation opportunities on its 1.3b MAU on Weixin and WeChat.

Maintain BUY with a lower target price of HK$518.00.

Source: UOBKH

https://research.uobkayhian.com/content ... b2895e2e41

[winston]

vested

TENCENT Said to Face Huge Fine for Flouting CN Money-laundering Rules

2022/03/14

TENCENT (00700.HK)'s WeChat Pay is facing a record-high fine for the suspected breach of People's Bank of China's anti-money-laundering rules, reported the Wall Street Journal.

The Chinese watchdog has recently discovered that WeChat Pay flouted Beijing's anti-money-laundering rules and made a blunder regarding the compliance with the "know your customer" and "know your business" regulations.

Meanwhile, WeChat Pay was found to have allowed fund transfer and money laundering through gambling and other illicit deals.

Source: AAStocks Financial News

[winston]

vested

Tencent Dives on Report of Record Fine for Money-Laundering

by Zheping Huang

Non-compliant with other rules that required Tencent to identify users and merchants transacting on the platform.

The impending fine but it could run to hundreds of millions of yuan.

As of 2021, WeChat Pay handled an estimated 40% of China’s mobile payments, second only to Alipay.

Source: Bloomberg

https://finance.yahoo.com/news/tencent- ... 54033.html