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

Tencent : U.S. Asks Judge to Allow WeChat Ban to Proceed

share with twitter share with LinkedIn share with facebook
09/25/2020 | 04:36pm EDT

By Katy Stech Ferek

The Trump administration asked a California judge to allow a ban on the Chinese-owned app WeChat to proceed, citing what it said are urgent national-security concerns about the Chinese government's potential collection of data on American users of the app.

In a court-filed request late Thursday, officials asked U.S. Magistrate Judge Laurel Beeler to reverse her earlier determination that the government's national-security concerns weren't strong enough to warrant a U.S. ban on the app, owned by tech giant Tencent Holdings Ltd.

On Sunday, she issued a preliminary injunction preventing U.S. Commerce Department officials from implementing a ban on WeChat downloads and other prohibitions designed to erode WeChat's usefulness. Several WeChat users had sued the federal government over the proposed ban, saying it violated free-speech protections.

With their filing, U.S. Justice Department lawyers offered Judge Beeler new documents they say back up national-security concerns, including two U.S. reports that they say detail the Chinese government's espionage operations against the U.S., its influence over companies such as Tencent and a Chinese legal requirement that private companies play a role in gathering intelligence and surveillance.

U.S. officials urged Judge Beeler to lift her earlier preliminary injunction decision by Oct. 1, a time line that would still leave the U.S. government time to appeal the case to another judge. In her earlier decision, Judge Beeler said the U.S. government hadn't provided enough evidence about its national-security concerns.

WeChat gives the Chinese government the power "surveil the American people and collect and use vast swaths of personal and proprietary information from American users to advance its own interests," the government lawyers said in court papers filed in U.S. District Court in San Francisco.

Tencent has said it disagrees with the federal government's security concerns, saying it "incorporates the highest standards of user privacy and data security."

 


share with twitter share with LinkedIn share with facebook
All news about TENCENT HOLDINGS LIMITED
10/23U.S. judge denies new government bid to remove China's WeChat from U.S. app s..
RE
10/23U.S. judge denies new government bid to remove China's WeChat from U.S. app s..
RE
10/23DOUYU INTERNATIONAL : China's Game Streaming Market to Generate $4.5 Billion Rev..
AQ
10/23THE WECHAT BAN : Where We Are Now And How May It Impact International Constructi..
AQ
10/22Covid-19 Gives Boost to China's Telemedicine Industry -- Journal Report
DJ
10/21TENCENT : Chinese online tutoring start-up Yuanfudao raises $2.2 bln, values fir..
RE
10/21TENCENT : Chinese online tutor Yuanfudao raises $2.2 bln, valuing it at $15.5 bl..
RE
10/20'Genshin Impact' revenues soar as China gaming goes global
RE
10/20Vivendi plans IPO for Universal Music Group in 2022
RE
10/20Latin American payment giant rises amid pandemic, with an eye on China's Ant
RE
More news
Financials
Sales 2020 479 B 71 605 M 71 605 M
Net income 2020 120 B 18 025 M 18 025 M
Net cash 2020 85 854 M 12 844 M 12 844 M
P/E ratio 2020 38,7x
Yield 2020 0,27%
Capitalization 4 607 B 689 B 689 B
EV / Sales 2020 9,45x
EV / Sales 2021 7,58x
Nbr of Employees 70 756
Free-Float 60,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 48
Average target price 534,02 CNY
Last Close Price 484,29 CNY
Spread / Highest target 44,2%
Spread / Average Target 10,3%
Spread / Lowest Target -27,1%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED49.49%689 290
NETFLIX, INC.50.90%215 720
PROSUS N.V.19.34%153 026
NASPERS LIMITED31.52%79 520
UBER TECHNOLOGIES, INC.23.57%64 409
SPOTIFY TECHNOLOGY S.A.89.56%53 108