Tuesday, March 5, 2024

Tencent China 900b Wechat 259bstreetjournal

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Tencent, which is best known for WeChat in the whole world, Tencent is an entertainment and gaming company in China, if we talk about revenue, then Tencent generates the highest revenue as a video game company in the whole world. The two famous games of the gaming company are “League of Legends” and “Honor of Kings”, whose madness still remains inside the people.

Tencent China 900b wechat 259bstreetjournal

Hong Kong-based Tencent gave its best performance in the Chinese market during the Corona epidemic. Tencent platform helped the Chinese people adopt digital services, as a result of which the market capitalization of Tencent has now reached 900 billion and at this time it is The company has made its name at the forefront of the most valuable company in China

If we talk about the main reason why Tencent’s market capitalization has become 900 billion, then its simple answer is the way China’s techno-market digital services have boomed in the last 3 years.

A 2.29 increase in TCEHY, the green pointing triangle that invests in hundreds of emerging companies and currently has a market capitalization of close to a quarter of a trillion dollars, which has seen very good growth as per Tencent China 900b WeChat 259bstreetjournal.

About Tencent and Its Services

Tencent is a China-based technology and gaming platform based in Shenzhen, China, and was founded on November 11, 1998, by its chairman Chi Ping Lau, and its founders Ma Huateng, Daniel, Zhang Zhidong, and Chen Yidan.

Tencent company bet on the new startup company with great cleverness and understanding according to the demand of the people, Tencent has bet on a large scale in the areas of the gaming sector, social media, entertainment media, and electric vehicles. Along with this, he also staked a stake in a new startup company abroad and investors quickly bid for shares in new startup companies, as a result of which Tencent Platform received huge investment.

Robin Zhu, an analyst at Sanford C. Bernstein’s Statement

“I half-jokingly call it China’s best venture capital fund,” said Robin Zhu, an analyst at Sanford C. Bernstein. His group calculates Tencent’s announced and unlisted investments to be $259 billion as of March 2. Went.

Tencent’s Last Earning Report Analysis

According to Tencent’s last earnings report released in November by Tencent, its income, apart from its subsidiaries, was equal to 138 billion by the end of 2020. And this capitalization is roughly 10 times the earnings it reported four years ago.

Meituan, one of China’s largest advanced companies, and Pinduoduo Inc. used the platform we chat created by Tencent very well. He targeted the user of we chat to increase his business market.

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