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

TENCENT HOLDINGS LIMITED

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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 -2.09% 169.89 Delayed Quote.26.59%
CTRIP.COM INTERNATIONAL 1.29% 30.67 Delayed Quote.11.90%
TENCENT HOLDINGS LIMITED 0.86% 327.6 End-of-day quote.4.07%
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Financials (CNY)
Sales 2019 380 B
EBIT 2019 120 B
Net income 2019 96 710 M
Finance 2019 48 420 M
Yield 2019 0,35%
P/E ratio 2019 29,6x
P/E ratio 2020 26,0x
EV / Sales2019 7,27x
EV / Sales2020 5,62x
Capitalization 2 808 B
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Technical analysis trends TENCENT HOLDINGS LIMITED
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Mean consensus BUY
Number of Analysts 45
Average target price 374,11  CNY
Last Close Price 295,61  CNY
Spread / Highest target 46,9%
Spread / Average Target 26,6%
Spread / Lowest Target -7,31%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Executive 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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