Tencent Rides Hit Game for China's Biggest Gain in Market Value [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
(Bloomberg) -- A hot new online game is refueling investor optimism for Tencent Holdings Ltd., driving China's biggest stock boost of 2024. Most Read from Bloomberg Supreme Court Poised to Allow Emergency Abortions in Idaho SpaceX Tender Offer Said to Value Company at Record $210 Billion Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield China's Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks Bolivia's President Arce Swears in New Army Chief After Coup Bid Its shares have rallied 28% so far this year with help from the strong debut of Dungeon & Fighter Mobile, adding $91 billion in market value, more than any other Chinese company. Improved regulatory and business climates in the company's key markets are also helping drive expectations. Analyst price targets have risen to the highest level in two years, while earnings estimates have jumped more than 14% since the start of the year to a record high. Options traders are turning more bullish as well,
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News
- Tencent to close online education service as tech giant cuts back on noncore operations [Yahoo! Finance]Yahoo! Finance
- Beijing Review: Global youth delve into China's development landscape [Yahoo! Finance]Yahoo! Finance
- Tencent Rides Hit Game for China's Biggest Gain in Market Value [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tencent Rides Hit Game for China's Biggest Gain in Market Value [BNN Bloomberg (Canada)]BNN Bloomberg
- China Market Update: Pullback Is Officially A Correction [Forbes]Forbes