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    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
Delayed Hong Kong Stock Exchange  -  03:08 2022-12-02 am EST
296.00 HKD   +0.54%
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Suing Grey And Black Industry For Unfair Competition, Tencent Awarded 5 Million Yuan

10/03/2022 | 04:08am EST

Tencent sued Qixiao Company and ZhiEn service for unfair competition, claiming that the two defendants had developed softwares including WeChat Business Screenshots King to generate WeChat and QQ dialogue as well as red packet screenshots and charged VIP membership fees. The Beijing Intellectual Property Court recently ordered the two defendants to compensate Tencent for 5 million yuan and related expenses in accordance with the Anti-unfair Competition Law. This is a typical case that applies to the “top compensation ” rule stipulated in Article 2 of China's Anti-Unfair Competition Law. According to the financial books of the defendant, the software transaction flow involved was as high as tens of millions. The court made the final judgment based on evidence of infringement and external reports, the defendant's advertising fees, membership fees and other profits.

http://www.chinaipmagazine.com/en/news-show.asp?id=12644

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Financials
Sales 2022 555 B 79 117 M 79 117 M
Net income 2022 110 B 15 701 M 15 701 M
Net cash 2022 101 B 14 371 M 14 371 M
P/E ratio 2022 23,3x
Yield 2022 0,45%
Capitalization 2 513 B 358 B 358 B
EV / Sales 2022 4,34x
EV / Sales 2023 3,75x
Nbr of Employees 108 836
Free-Float 63,2%
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Mean consensus BUY
Number of Analysts 54
Last Close Price 266,93 CNY
Average target price 358,26 CNY
Spread / Average Target 34,2%
EPS Revisions
Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau Chief Strategy & Investment Officer
Shek Hon Lo Financial Controller
Chen Ye Xu Chief Information Officer
Shan Lu SEVP, President-Technology & Engineering Group
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