Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Tencent Holdings Limited    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China drafts rules to govern its booming livestreaming sales industry

11/13/2020 | 05:53am EST
FILE PHOTO: Sun Shaqi displays handbag during a livestreaming session for the second-hand luxury goods retail platform Plum in Beijing

BEIJING (Reuters) - China's internet watchdog has drafted rules for the first time to regulate the country's livestreaming marketing industry, stepping up scrutiny on e-commerce marketplaces belonging to the likes of tech giant Alibaba Group and JD.Com.

Last week China published draft regulations aimed at preventing anti-monopolistic behaviour by internet platforms which wiped hundreds of billions of dollars off the value of some tech giants including Alibaba and Tencent.

Livestreaming marketing has seen its popularity surge in the last two years among brands like L'Oreal, Nike, Dyson and online shoppers, and most Chinese e-commerce platforms now offer the option to purchase and sell products via livestreaming.

Telegenic hosts sell goods from personal care products to home appliances in real time and top Chinese livestreamers like "lipstick king" Li Jiaqi and Viya can sell products worth millions of yuan in a single livestreaming session on platforms such as Alibaba's Taobao, ByteDance's Douyin and Kuaishou.

But the industry has also come under fire with some shoppers and brands accusing some livestreamers of misrepresenting products or faking sales numbers.

The Cyberspace Administration of China (CAC) said in a statement on Friday that under the planned rules, livestreamers will need to provide their real-name identification and social credit codes to the internet platforms they use. The platforms will in turn have to submit regular reports to local authorities.

They will also need to regularly monitor their content and stop any illegal advertising, while the livestreamers will need to be over 16 years old unless they obtain a guardian's consent.

Behaviour such as promoting pyramid schemes, bad social habits or falsifying page views will be prohibited and the platforms will have to establish a credit assessment list for livestreamers and blacklist any which violate laws, among other rules, the CAC said.

Livestreaming featured heavily at Singles' Day, the world's biggest online sales event, which saw Alibaba record about $74 billion worth of orders through its platforms over Nov 1-11.

The public will have up to Nov. 28 to respond to the CAC's draft rules.

(Reporting by Sophie Yu, Brenda Goh; editing by Emelia Sithole-Matarise)

By Sophie Yu and Brenda Goh


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.53% 258.62 Delayed Quote.11.12%
L'ORÉAL 0.58% 296.3 Real-time Quote.-4.67%
NIKE, INC. -1.60% 139.35 Delayed Quote.-1.50%
TENCENT HOLDINGS LIMITED 1.25% 691 End-of-day quote.22.52%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.4845 Delayed Quote.-0.49%
All news about TENCENT HOLDINGS LIMITED
01/22Communications Services Climb As Momentum Builds In Sector -- Communications ..
DJ
01/22Hong Kong Hang Seng Slumps 1.6% on Profit-Taking, China COVID-19 Reports, Tec..
MT
01/21EQS-NEWS : Alliance Global Partners Issued Updated report on iClick (NASDAQ: ICL..
DJ
01/21China Plans New Laws to Strengthen Anti-Monopoly Supervision of Non-Bank Paym..
MT
01/20TENCENT : WeChat Mini Programs Post 100% Surge in Transaction Volume in 2020; Te..
MT
01/20Alibaba-backed logistics firm Best weighs sale in strategic review -sources
RE
01/20TENCENT : China plans tougher antitrust rules for non-bank payments industry
RE
01/20Geely Auto Partners With Tencent In Latest Information Technology-Car Maker L..
MT
01/20MARKET CHATTER : TikTok's Chinese Version Launches Mobile Payments App in China
MT
01/20Business investments into Singapore rise 13%, highest in over a decade
RE
More news
Financials
Sales 2020 481 B 74 147 M 74 147 M
Net income 2020 128 B 19 750 M 19 750 M
Net cash 2020 71 097 M 10 970 M 10 970 M
P/E ratio 2020 43,7x
Yield 2020 0,24%
Capitalization 5 502 B 849 B 849 B
EV / Sales 2020 11,3x
EV / Sales 2021 9,01x
Nbr of Employees 77 592
Free-Float 60,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 580,75 CNY
Last Close Price 577,71 CNY
Spread / Highest target 22,4%
Spread / Average Target 0,53%
Spread / Lowest Target -38,8%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED22.52%848 829
NETFLIX, INC.4.52%249 689
PROSUS N.V.12.22%195 756
NASPERS LIMITED18.04%100 389
UBER TECHNOLOGIES, INC.6.49%95 790
SPOTIFY TECHNOLOGY S.A.7.72%64 262