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's Geely teams up with Tencent on smart car tech

01/19/2021 | 03:35am EST
FILE PHOTO: Geely Xingyue is seen displayed at the second media day for the Shanghai auto show in Shanghai

BEIJING/SHANGHAI (Reuters) - China's Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.

In the latest such partnership in the fast-evolving sector, the companies will jointly develop smart car cockpits to have more mobile and mobility service applications, and explore testing of autonomous driving, Geely said in a statement.

The deal with Tencent, which has investments in EV makers including Tesla and Nio, is developing smart car technologies, is the third recent partnership by Hangzhou-based Geely with companies involved in the tech sector.

Geely said this month it would launch a smart electric vehicle (EV) company with Baidu Inc and later that it would form a separate venture with Foxconn to provide contract manufacturing for automakers.

(Reporting by Yilei Sun and Brenda Goh; Editing by Louise Heavens and Alexander Smith)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO -0.72% 219.9 Delayed Quote.14.29%
BAIDU, INC. -5.77% 304.01 Delayed Quote.40.59%
DAIMLER AG 0.67% 66.24 Delayed Quote.13.93%
FOXCONN TECHNOLOGY CO., LTD. 1.29% 70.6 End-of-day quote.32.21%
HON HAI PRECISION INDUSTRY CO., LTD. -0.90% 110.5 End-of-day quote.20.11%
TENCENT HOLDINGS LIMITED -2.83% 687 End-of-day quote.21.81%
TESLA, INC. 6.18% 742.02 Delayed Quote.5.15%
All news about TENCENT HOLDINGS LIMITED
07:37aEXCLUSIVE : Sports retailer Fanatics enters China via JV with Hillhouse Capital
RE
07:12aTENCENT : Former exec at China's Kuaishou arrested for alleged graft
RE
02/24MARKET CHATTER : Tencent-Backed Tutoring Startup Yuanfudao to Raise $1 Billion i..
MT
02/24TENCENT : Acquires Minority Stake in British Game Developer Payload
MT
02/23MARKET CHATTER : Tencent-Backed Tuhu Mulls US IPO After $400 Million Funding Rou..
MT
02/23EQS-NEWS : BOCI initiated coverage on iClick (NASDAQ: ICLK) at Overweight with a..
DJ
02/23WEEKLY PORTFOLIOS REPORT : Consolidation phase
02/23MARKET CHATTER : Square, Tencent Reportedly Get Conditional Green Light to Inves..
MT
02/23Chinese car maintenance start-up Tuhu plans U.S. IPO after $400 million fundr..
RE
02/23MARKET CHATTER : Tencent-Backed VSPN Mulls US IPO to Boost Expansion in China's ..
MT
More news
Financials
Sales 2020 481 B 74 545 M 74 545 M
Net income 2020 128 B 19 912 M 19 912 M
Net cash 2020 74 310 M 11 523 M 11 523 M
P/E ratio 2020 43,2x
Yield 2020 0,24%
Capitalization 5 447 B 844 B 845 B
EV / Sales 2020 11,2x
EV / Sales 2021 8,89x
Nbr of Employees 77 592
Free-Float 60,2%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 619,57 CNY
Last Close Price 571,91 CNY
Spread / Highest target 51,2%
Spread / Average Target 8,33%
Spread / Lowest Target -38,2%
EPS Revisions
Managers and Directors
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED21.81%843 727
NETFLIX, INC.2.35%245 103
PROSUS N.V.12.54%195 006
NASPERS LIMITED18.08%102 988
UBER TECHNOLOGIES, INC.5.71%95 085
SPOTIFY TECHNOLOGY S.A.6.37%63 662