Tencent Holdings Limited (0Z4S.IL)
- Barrons.com
Alibaba Stock Has Languished While Tencent Has Soared. One Reason Why.
Shares in Tencent, like much of the rest of Chinese tech, have been slammed since Beijing began a crackdown on technology companies in late 2020.
- Bloomberg
Tencent Rides Hit Game for China’s Biggest Gain in Market Value
(Bloomberg) -- A hot new online game is refueling investor optimism for Tencent Holdings Ltd., driving China’s biggest stock boost of 2024.Most Read from BloombergGavin Newsom Is Ready for the Biden EmergencyPanicked Emails, Gallows Humor: The Aftermath of Biden's Debate DisasterThe Question on Democrats’ Minds: How to Replace Biden?Biden’s Disastrous Debate Accelerates Doubts Over CandidacySupreme Court Overturns Chevron Rule in Blow to Agency PowerIts shares have rallied 27% so far this year w
- Reuters
Tencent-backed Shift Up may price IPO at top end of band, source says
SEOUL (Reuters) -South Korean gaming company Shift Up, backed by China's Tencent, is set to price its initial public offering at the top end of its price band and raise 435 billion won ($313 million), according to a source with knowledge of the matter. Shift Up said nothing had been decided on pricing yet, with it to be determined after the bookbuilding process ended. Tencent is Shift Up's second-largest shareholder with a 40% stake, which is expected to shrink to about 35% after the public offering, analysts said.
