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 NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

China launches crackdown on mobile web browsers, decries 'chaos' of information

10/26/2020 | 10:49pm EST
FILE PHOTO: Xiaomi logo is seen on a closed brand's store in central Kiev

SHANGHAI (Reuters) - China's top cyber authority said on Monday it would carry out a "rectification" of Chinese mobile internet browsers to address what it called social concerns over the "chaos" of information being published online.

China's strict internet censorship rules have been tightened numerous times in recent years and in the latest crackdown, the Cyberspace Administration of China (CAC) has told firms operating mobile browsers that they have until Nov. 9 to conduct a "self examination" and rectify problems.

The problems include the spreading of rumours, the use of sensationalist headlines and the publishing of content that violates the core values of socialism, it said in a statement.

"For some time, mobile browsers have grown in an uncivilised way ... and have become a gathering place and amplifier for dissemination of chaos by 'self-media'," the CAC said, referring to independently operated social media accounts, many of which publish news.

"After the rectification, mobile browsers that still have outstanding problems will be dealt with strictly according to laws and regulations until related businesses are banned."

The campaign will initially focus on eight of the most influential mobile browsers in China, including those operated by Huawei Technologies Co Ltd, Alibaba Group Holding's UCWeb and Xiaomi Corp, it said.

Others include the QQ platform owned by Tencent, Qihoo-owned 360, Oppo and Sogou.

Huawei's browser unit said in a statement on Tuesday it would conduct a comprehensive self-examination and clean-up in line with the regulator's requests, and would also place strict controls over 'self media' accounts.

Xiaomi and UCWeb declined to comment, while Tencent, Oppo, Sogou and 360 did not immediately respond to requests for comment.

Legislation introduced in recent years by China include measures to restrict media outlets, surveillance measures for media sites and rolling campaigns to remove content deemed unacceptable.

(Reporting by Brenda Goh and Josh Horwitz; Additional reporting by Pei Li in Hong Kong; Writing by Tom Daly; Editing by Susan Fenton and Edwina Gibbs)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -1.02% 261.32 Delayed Quote.24.47%
GOLDEN EAGLE RETAIL GROUP LIMITED 0.14% 7.04 End-of-day quote.-18.89%
TENCENT HOLDINGS LIMITED -0.69% 574 End-of-day quote.52.82%
XIAOMI CORPORATION -7.07% 24.3 End-of-day quote.125.42%
All news about TENCENT HOLDINGS LIMITED
06:20aChina buys first Indian rice in decades amid scarce supply
RE
05:11aEXCLUSIVE : China's Ant considers Paytm stake sale amid tensions with India - so..
RE
12/01EXCLUSIVE : Beijing city in talks to rescue property firm Phoenix Tree - sources
RE
12/01Beijing city in talks to rescue property firm Phoenix Tree -sources
RE
11/30Italy's Satispay aims to triple users by 2023, grow abroad
RE
11/29Exclusive-Alibaba, Tencent put talks to buy iQIYI stake on hold due to price,..
RE
11/27Wall St. gains, Nasdaq hits record high as holiday shopping begins
RE
11/27Nasdaq hits record high as holiday shopping begins
RE
11/27Wall St headed higher on recovery hopes after Thanksgiving holiday
RE
11/27BLACKSTONE, JD.COM AMONG BIDDERS FOR : sources
RE
More news
Financials
Sales 2020 481 B 73 253 M 73 253 M
Net income 2020 128 B 19 507 M 19 507 M
Net cash 2020 71 088 M 10 833 M 10 833 M
P/E ratio 2020 36,7x
Yield 2020 0,28%
Capitalization 4 623 B 704 B 704 B
EV / Sales 2020 9,47x
EV / Sales 2021 7,52x
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 577,06 CNY
Last Close Price 485,91 CNY
Spread / Highest target 47,7%
Spread / Average Target 18,8%
Spread / Lowest Target -27,3%
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
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED52.82%709 371
NETFLIX, INC.55.94%222 921
PROSUS N.V.36.78%183 395
NASPERS LIMITED37.48%88 645
UBER TECHNOLOGIES, INC.66.88%87 536
SPOTIFY TECHNOLOGY S.A.90.57%54 030