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 says WeChat will struggle to attract new U.S. users while White House, courts spar over ban

share with twitter share with LinkedIn share with facebook
09/21/2020 | 03:24am EDT

HONG KONG, Sept 21 (Reuters) - Chinese social media leader Tencent Holdings Ltd has said its WeChat may not be able to win new users in the United States while the White House challenges a court ruling preventing a ban on the messaging app.

Tencent, in a statement filed at Hong Kong's stock exchange late on Sunday, said it has been evaluating the potential impact of a ban since the U.S. Department of Commerce on Friday issued an order to block WeChat downloads on national security grounds.

It also said routine updates of the app for existing U.S. users may be negatively affected should Apple Inc and Alphabet Inc's Google remove WeChat from their stores.

WeChat has a relatively small user base in the United States compared with in China, where the app is ubiquitous.

On Sunday, U.S. Magistrate Judge Laurel Beeler said a challenge to the proposed ban has "shown serious questions going to the merits of the First Amendment claim" so "the balance of hardships tips in the plaintiffs' favor".

Tencent, which has denied being a security risk, said it has engaged and will continue to engage in discussions with the U.S. government and other stakeholders to resolve the matter. (Reporting by Pei Li; Editing by Christopher Cushing)


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.64% 1632.98 Delayed Quote.21.92%
APPLE INC. -0.61% 115.04 Delayed Quote.56.70%
GOLDEN EAGLE RETAIL GROUP LIMITED 3.07% 7.39 End-of-day quote.-14.86%
TENCENT HOLDINGS LIMITED -0.35% 561.5 End-of-day quote.49.49%
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
10/22Covid-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 $15.5 bl..
RE
10/20'Genshin Impact' revenues soar as China gaming goes global
RE
10/20Vivendi plans IPO for Universal Music Group in 2022
RE
10/20Latin American payment giant rises amid pandemic, with an eye on China's Ant
RE
10/20Didi considers 2021 IPO in HK - sources
RE
More news
Financials
Sales 2020 479 B 71 605 M 71 605 M
Net income 2020 120 B 18 025 M 18 025 M
Net cash 2020 85 854 M 12 844 M 12 844 M
P/E ratio 2020 38,7x
Yield 2020 0,27%
Capitalization 4 607 B 689 B 689 B
EV / Sales 2020 9,45x
EV / Sales 2021 7,58x
Nbr of Employees 70 756
Free-Float 60,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 48
Average target price 534,02 CNY
Last Close Price 484,29 CNY
Spread / Highest target 44,2%
Spread / Average Target 10,3%
Spread / Lowest Target -27,1%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
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