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

Alibaba CEO says China's scrutiny of internet platforms is needed

11/22/2020 | 11:14pm EST

WUZHEN, China, Nov 23 (Reuters) - China's increasing oversight of internet platforms is both "timely and necessary", Alibaba Group CEO Daniel Zhang told the World Internet Conference on Monday.

Zhang said Chinese internet companies had moved to the forefront of the global industry with the help of government policies, but regulations need to evolve.

"To ensure a more orderly and healthy development of the internet and the digital economy, relevant state departments are seeking opinions on policies and regulations for the internet platforms ... this is very timely and necessary," he said.

A planned $37 billion stock listing of Alibaba affiliate Ant Group was suspended this month after regulators warned its lucrative online lending business faced tighter scrutiny.

Zhang is one of the few Chinese technology chiefs to appear in person at the Cyberspace Administration of China's annual event, which was scaled back due to the COVID-19 pandemic.

The event is taking place against a backdrop of increasing scrutiny from Beijing for China's internet giants including Alibaba, Tencent Holdings and Meituan.

Alibaba's e-commerce marketplaces and payment services are also expected to face greater oversight under the draft rules published on Nov. 10 by China's market regulator, which said it wanted to prevent platforms from dominating the market or from adopting methods aimed at blocking fair competition.

The company and its rivals have come under fire for allegedly engaging in a practice referred to as "two choose one," in China, in which e-commerce platforms penalize sellers who offer goods on rival sites.

In an earnings call last week, chief strategy officer Liao Jianwen of JD.com , an Alibaba rival, said the company "fully supports" the draft regulations.

China's government has also issued draft regulations governing micro-lending and personal data protection that are expected to apply to internet platforms. (Reporting by Yingzhi Yang and Josh Horwitz in Wuzhen; Writing by Brenda Goh; Editing by Himani Sarkar, Stephen Coates and Alexander Smith)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 5.50% 265.49 Delayed Quote.14.08%
MEITUAN DIANPING 9.09% 372 End-of-day quote.26.27%
QUALCOMM INCORPORATED 0.51% 164.6 Delayed Quote.7.50%
SUN ART RETAIL GROUP LIMITED 4.05% 7.71 End-of-day quote.-2.16%
TENCENT HOLDINGS LIMITED 3.74% 679.5 End-of-day quote.20.48%
All news about TENCENT HOLDINGS LIMITED
12:40aChina Plans New Laws to Strengthen Anti-Monopoly Supervision of Non-Bank Paym..
MT
01/20TENCENT : WeChat Mini Programs Post 100% Surge in Transaction Volume in 2020; Te..
MT
01/20Alibaba-backed logistics firm Best weighs sale in strategic review -sources
RE
01/20TENCENT : China plans tougher antitrust rules for non-bank payments industry
RE
01/20Geely Auto Partners With Tencent In Latest Information Technology-Car Maker L..
MT
01/20MARKET CHATTER : TikTok's Chinese Version Launches Mobile Payments App in China
MT
01/20Business investments into Singapore rise 13%, highest in over a decade
RE
01/19Business investments into Singapore rise 13%, highest in over a decade
RE
01/19Millions rush into bullish China stocks, euphoria spills into Hong Kong
RE
01/19NAVER : to Buy Wattpad for More Than $600 Million
DJ
More news
Financials
Sales 2020 481 B 74 379 M 74 379 M
Net income 2020 128 B 19 814 M 19 814 M
Net cash 2020 71 100 M 11 005 M 11 005 M
P/E ratio 2020 42,9x
Yield 2020 0,24%
Capitalization 5 397 B 835 B 835 B
EV / Sales 2020 11,1x
EV / Sales 2021 8,83x
Nbr of Employees 77 592
Free-Float 60,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | 700 | KYG875721634 | MarketScreener
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 577,00 CNY
Last Close Price 566,71 CNY
Spread / Highest target 24,8%
Spread / Average Target 1,82%
Spread / Lowest Target -37,7%
EPS Revisions
Managers and Directors
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED20.48%834 795
NETFLIX, INC.8.43%259 042
PROSUS N.V.10.75%191 997
NASPERS LIMITED15.92%99 724
UBER TECHNOLOGIES, INC.10.55%99 441
SPOTIFY TECHNOLOGY S.A.5.32%62 831