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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Tencent Holdings Ltd    0700   KYG875721634

TENCENT HOLDINGS LTD

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Chinese travel site Mafengwo raises $250 million in Tencent-led funding round

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05/23/2019 | 12:24am EDT
A Tencent sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai

SHANGHAI (Reuters) - Chinese travel site Mafengwo said it has raised $250 million in a funding round led by Tencent Holdings Ltd as it expands in the booming online travel market.

In a statement on Wednesday, the company said General Atlantic, Qiming Venture Partners, Yuantai Investment, NM SS Holdings Limited and Hopson Emerald Limited were the other investors who participated in the fundraising.

Mafengwo competes with CTrip.com International Co Ltd, Fliggy, backed by Alibaba Group Holding Ltd, and many other rivals.

Mafengwo, or "wasps' nest" in Chinese, is an online community where Chinese tourists share travel tips and shop for bespoke travel products.

The nine-year-old company also expanded into bookings for travel services via affiliate partners.

(Reporting by Josh Horwitz; Editing by Anshuman Daga)

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING 1.69% 168.25 Delayed Quote.20.71%
CTRIP.COM INTERNATIONAL -0.41% 36.48 Delayed Quote.33.00%
TENCENT HOLDINGS LTD 1.73% 353.2 End-of-day quote.12.20%
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Financials (CNY)
Sales 2019 397 B
EBIT 2019 120 B
Net income 2019 93 703 M
Finance 2019 72 679 M
Yield 2019 0,34%
P/E ratio 2019 31,33
P/E ratio 2020 25,61
EV / Sales 2019 7,15x
EV / Sales 2020 5,47x
Capitalization 2 913 B
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Mean consensus OUTPERFORM
Number of Analysts 47
Average target price 373  CNY
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
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