Tencent 0700 03 (Aug 18 - Sep 21)

Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Tue Sep 18, 2018 6:28 am

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Tencent, Hillhouse team up to help manage China's offshore trillions

A weakening yuan amid escalating global trade tensions and domestic credit tightening is likely to spur Chinese interest in diversifying holdings outside the world’s second largest economy

GaoTeng Global Asset Management Ltd., the duo’s one-year-old venture in Hong Kong, plans to start accepting money shortly from retail Chinese investors who have existing assets internationally.

Chinese citizens are expected to add more than US$1.9 trillion to their international investments in the five years through 2020.


Source: SCMP

https://www.scmp.com/tech/article/21644 ... -trillions
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Wed Sep 19, 2018 7:55 am

Tencent releases open platform to help drive AI projects at other companies

The platform will enable enterprises across various industries harness the capabilities of Tencent’s AI Lab, which is focused on machine-learning technology; super app WeChat, which provide speech recognition and natural language processing; and its Computer Vision Research Centre, which is focused on facial recognition technology.


Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... -companies
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Wed Sep 19, 2018 7:55 am

Tencent releases open platform to help drive AI projects at other companies

The platform will enable enterprises across various industries harness the capabilities of Tencent’s AI Lab, which is focused on machine-learning technology; super app WeChat, which provide speech recognition and natural language processing; and its Computer Vision Research Centre, which is focused on facial recognition technology.


Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... -companies
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Sep 20, 2018 7:12 am

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Tencent’s investment arm has been buying up stakes in platform companies poised to drive growth in online services

So far this year, the investment entity has been involved in 60 investment deals globally, many of which it took part as one of multiple buyers acting in a consortium, with total deal value of US$25.34 billion.

Annual revenue per employee of companies that run online platforms, such as Pinduoduo, Didi Chuxing and Tencent Music, is on average three to 50 times higher than that of many Chinese domestic firms, even though some of these listed companies, including large Chinese banks and mobile operators, enjoy near monopolies.

Lin said he has a preference for platform companies that successfully integrate online e-commerce with offline services, and enterprise software driven by artificial intelligence.


Source: SCMP

https://www.scmp.com/business/companies ... -companies
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Sep 20, 2018 7:16 am

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China's Tencent Music halves US IPO to US$2 billion, report says

Tencent Music runs the music service providers QQ Music, KuGou and Kuwo, controlling three-quarters of China’s booming music streaming market.

Users can listen to both Chinese and international artists such as Justin Bieber, Ed Sheeran and Bruno Mars.

In December last year, Tencent and Spotify agreed a share swap after which Tencent ended up with a 7.5 per cent stake in Spotify, including shares held through Tencent Music, according to the prospectus filed by Spotify ahead of its own IPO in April.


Source: SCMP

https://www.scmp.com/tech/article/21648 ... eport-says
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Mon Oct 01, 2018 10:23 pm

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Tencent restructures with eye on industrial internet as gaming business slows

A recent string of investments, including in smart retail, is expected to help drive Tencent’s shift to more enterprise solutions

Derives two-thirds of its revenue from online gaming and social media.

Creation of a new business group devoted to cloud and smart industries.

Another new group will combine its social media, mobile internet and online media operations.

With the reshuffling, Tencent will have six business groups, down from seven previously. Four existing business groups – corporate development, interactive entertainment, technology and engineering, and WeChat – remain unchanged.

A government source recently told the South China Morning Post it may take a further four to six months to finalise the new gaming licensing system.




Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... ness-slows
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Oct 04, 2018 4:11 pm

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<Research Report>Barclays: Eyes PRC Internet Regulation Risks, Tencent Says Waiting for Monetization Approval

Barclays noted investors are mainly concerned about the macro environment and government supervision in China, having met with major Chinese Internet firms.

On one hand, advertising income from education, gaming and P2P financing industries came under pressure due to government regulation.

On the other hand, the advertising demand regarding online consumption and certain specific categories will remain stable.

With solid user engagement, TENCENT (00700.HK)'s games performed steadily in 3Q18 to exhibit its growth momentum overseas.

However, the firm is pending approval for monetization. Despite absence of new games, Tencent will have its revenue growth backed by its ads, payment and mini apps.

Barclays rated Tencent at Overweight with an attractive valuation as the company is now pending policy relaxation of the authority and clarification on the regulation to bolster market sentiment.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Tue Oct 16, 2018 2:58 pm

<Research Report>C Suisse Foresees Further Mkt Downgrade on TENCENT Profit Forecast; Kept Outperform with TP $453

Credit Suisse predicted in its research report that the news about online game approvals may result in share price volatility of the sector.

While the market has been revising down earnings estimates on TENCENT (00700.HK) in the past month, Credit Suisse expected the downward revision to further reflect the business trend.

The broker kept Outperform on TENCENT at the target price $453.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Tue Oct 23, 2018 9:48 am

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TENCENT Slows Investment from 2H, Halts Projects Not Serving Biz Needs: Report

TENCENT (00700.HK), since the latter half of the year, has evidently slowed down its investment and halted approach with projects which have less relation to its own businesses, while those invested projects will be called off if not serving business needs, Mainland media 36kr.com cited sources.

Report analyzed that sudden suspension of such investments is mainly due to lack of funds in the group, with its share price dropping and market cap evaporating from this year's peak.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Wed Oct 24, 2018 11:40 am

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<Research Report>Jefferies Lowers TENCENT (00700.HK) Profit Forecast, TP to $385

Jefferies lowered 2018-2019 EPS estimates on TENCENT (00700.HK) by 7% and 10% to factor in headwinds in NT mobile game growth, as well as a more cautious stance on the advertising industry under macro uncertainties.

The broker kept Buy on TENCENT at the target price $385, lowered from $460.

Source: AAStocks Financial News
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