Tag Archives: tcehy

Facebook Messenger May Follow Chinese Mobile Apps

Facebook (FB) can turn WhatsApp and its mobile messenger service into bigger moneymakers by borrowing strategies from Chinese Internet companies, especially Tencent Holdings (TCEHY), says a Morgan Stanley research report. Tencent, a rival of Alibaba Group (BABA), has generated new revenue sources from WeChat, a mobile messaging app known as Weixin in China. Tencent has grown gaming revenue and has partnered with e-commerce companies by leveraging

Cheetah Mobile Earnings Double As Global Reach Booms

Cheetah Mobile (CMCM) early Tuesday reported better-than-expected Q1 earnings and its stock hit a new high, but the Chinese security vendor guided Q2 revenue slightly below Wall Street views. The Beijing-based company, which is part-owned by Chinese Internet giant Tencent (TCEHY), reported earnings per share excluding items of 9 cents, up 125% from the year-earlier quarter. Revenue jumped 113% to $108.5 million, marking the 11th quarter in a row

Why Tencent May Be China’s Best Internet Company

Tencent Holdings (TCEHY) received a price target increase by Pacific Crest Securities, which called it the best positioned Chinese Internet company. Tencent reported better-than-expected first-quarter earnings Wednesday morning, with online advertising revenue more than doubling. “We see an inflection in the advertising segment and view it as a significant, multiyear revenue driver for Tencent,” wrote Pacific Crest analyst Cheng Cheng. “We