Added to YB: 2024-09-16
Pitch date: 2024-09-16
0700.HK [neutral]
Tencent Holdings Limited
+67.04%
current return
Author Info
No bio for this author
Company Info
Tencent Holdings Limited, an investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.
Market Cap
HKD 5.1T
Pitch Price
HKD 368.78
Price Target
N/A
Dividend
0.73%
EV/EBITDA
17.71
P/E
23.99
EV/Sales
7.05
Sector
Interactive Media and Services
Category
growth
Tencent's WeChat Shops: A New Push for E-Commerce Growth
0700.HK (quick dive): Tencent upgrading Video Account Shops to WeChat Shops, lowering merchant barriers & integrating across WeChat ecosystem. Aims to leverage massive user base, high engagement & multiple content scenarios for e-commerce growth. Past attempts struggled; management sees as next big growth engine.
Read full article (2 min)