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
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Tencent Holdings Limited
  6. News
  7. Summary
    700   KYG875721634

TENCENT HOLDINGS LIMITED

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

Tencent in Talks for Merger of DouYu and HUYA, Bloomberg Reports

08/05/2020 | 02:10am EDT

--Tencent Holdings Ltd. is driving discussions to merge China's two leading game-streaming platforms, a deal that would create an online streaming giant with a combined market value of $10 billion, Bloomberg reports, citing unnamed sources.

--Tencent holds a stake of more than 35% in each of the two companies that could be merged, DouYu International Holdings and HUYA Inc., and has been discussing the potential deal with the two firms for a few months, according to Bloomberg.

--Tencent is seeking to become the largest shareholder in the combined entity, although details have yet to be finalized, Bloomberg reports.

 

Full story: https://bloom.bg/30qX71J

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DOUYU INTERNATIONAL HOLDINGS LIMITED -4.98% 7.82 Delayed Quote.-25.59%
HUYA INC. -2.03% 16.38 Delayed Quote.-16.11%
TENCENT HOLDINGS LIMITED 0.67% 600 End-of-day quote.6.38%
All news about TENCENT HOLDINGS LIMITED
05:54pChina's Full Truck Alliance targets over $20 billion valuation in U.S. IPO
RE
02:19pTENCENTá : China's Full Truck Alliance targets over $20 bln valuation in U.S. IP..
RE
01:29aTENCENTá : backed Online Recruitment Platform Kanzhun Soars 96% in Nasdaq Debut
MT
06/14MARKET CHATTER : China Launches Three-Month Crackdown on Spy Camera Market
MT
06/14China's Mobile Game Sector Posts 5.3% Revenue Jump in May
MT
06/11CHINA'S NEW POWER PLAYá : More Control of Tech -2-
DJ
06/11CHINA'S NEW POWER PLAYá : More Control of Tech Companies' Troves of Data
DJ
06/11Kanzhun Soars 85% on Nasdaq After IPO for Chinese Jobs Platform Backed by Ten..
MT
06/11Naspers' directors to have significant shares in co after share exchange deal
RE
06/11TENCENTá : Grants 163,385 Share Options
MT
More news
Financials
Sales 2021 591 B 92 308 M 92 308 M
Net income 2021 150 B 23 358 M 23 358 M
Net cash 2021 116 B 18 129 M 18 129 M
P/E ratio 2021 38,9x
Yield 2021 0,27%
Capitalization 5 708 B 735 B 891 B
EV / Sales 2021 9,46x
EV / Sales 2022 7,72x
Nbr of Employees 89 228
Free-Float 62,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Average target price 626,29 CNY
Last Close Price 600,00 CNY
Spread / Highest target 29,7%
Spread / Average Target 4,38%
Spread / Lowest Target -30,3%
EPS Revisions
Managers and Directors
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED6.38%730 483
NETFLIX, INC.-7.55%221 653
PROSUS N.V.-3.47%166 447
UBER TECHNOLOGIES, INC.-0.45%95 345
AIRBNB, INC.1.64%90 768
NASPERS LIMITED-0.97%89 917