Tencent Holdings Limited (NNND.F)
- 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 BloombergJustice Department to Charge Boeing, Seeks Guilty Plea from PlanemakerLe Pen’s Far Right Wins First Round, Chases French MajorityTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a TestBlackRock Buys Preqin for $3.2 Billion in Private Data Expansion24-Hour Stock Trading Is Booming – and Wall Street Is Rattle
- 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.
