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

TENCENT HOLDINGS LTD

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End-of-day quote. End-of-day quote Stock Exchange of Hong Kong - 08/20
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NBA and Tencent Announce Five-year Partnership Expansion: Tencent Sports

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08/14/2019 | 05:58pm EDT

2019 AUG 14 (NewsRx) -- By a News Reporter-Staff News Editor at Entertainment News Today -- The National Basketball Association (NBA) and Tencent Holdings Limited (“Tencent”, HKSE: 0700), the Exclusive Official Digital Partner of the NBA in China, announced a five-year expansion of their existing partnership that will see Tencent - the NBA’s largest partner outside the U.S. - provide extensive NBA coverage on its platforms through the 2024-25 NBA season, including live NBA games, NBA programming and interactive fan experiences.

Tencent, the digital media partner of the NBA in China since 2009, has streamed full seasons of live NBA games and content to its hundreds of millions of daily users under the current partnership that began in 2015. Tencent and the NBA also jointly manage and operate several other NBA services and activities in China, including NBA-themed mobile games, NBA social media accounts, and interactive fan events.

Last season, 490 million fans in China watched NBA programming on Tencent’s platforms, nearly three times the number of fans who watched the NBA on Tencent during the 2014-15 season. 21 million fans in China watched Game 6 of the 2019 NBA Finals on Tencent, marking the most-watched NBA game ever on a digital platform in China.

Under the expanded partnership, live NBA games, video on-demand (VOD) and short video content will be available for fans through Tencent’s digital and social media platforms including QQ.com, Tencent Sports, Tencent News, Tencent Video, QQ, Weixin and Weishi. Tencent will also collaborate with the NBA to develop innovative advertising products, and launch and operate “mini programs” for mobile devices, including the NBA’s fan loyalty program in China: NBA Qiu Mi Quan (QMQ). In addition, Tencent will leverage its consumer insights to help the NBA expand its fanbase in China and provide the league’s global fanbase with new, customized interactive services.

“Tencent’s commitment to NBA basketball in China is unparalleled,” said NBA Commissioner Adam Silver. “The enormous reach and popularity of Tencent’s platforms have been a driving force behind the growth of basketball in China, and we look forward to deepening our connection with NBA fans across the country through this expanded partnership.”

“We believe that the enhanced partnership between the NBA and Tencent will take our phenomenal success to new heights,” said Tencent President Martin Lau. “Empowered by our technology capabilities, interactive platforms and content expertise, we will work closely with the NBA to further engage fans in China with sports excitement and technology innovations to elevate the passion for basketball, and to promote a healthy and active lifestyle.”

(Our reports deliver fact-based news of research and discoveries from around the world.)

Copyright © 2019 NewsRx LLC, Entertainment News Today, source Leisure, Travel & Entertainment Newsletters

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Financials (CNY)
Sales 2019 381 B
EBIT 2019 119 B
Net income 2019 96 482 M
Finance 2019 51 205 M
Yield 2019 0,31%
P/E ratio 2019 33,3x
P/E ratio 2020 29,5x
EV / Sales2019 8,18x
EV / Sales2020 6,32x
Capitalization 3 165 B
Chart TENCENT HOLDINGS LTD
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Technical analysis trends TENCENT HOLDINGS LTD
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 45
Average target price 374,41  CNY
Last Close Price 333,40  CNY
Spread / Highest target 28,9%
Spread / Average Target 12,3%
Spread / Lowest Target -8,18%
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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