Tag Archives: tcehy

Tencent Q4 Earnings Coming Amidst China Internet War

China Internet giant Tencent Holdings (TCEHY) is set to report fourth-quarter earnings before the market opens Wednesday. Tencent owns a portfolio of Internet services, including social networks, Web portals, online games and e-commerce sites. It is China’s leader in mobile gaming and chat services. Its primary competitor is Alibaba Group (BABA), which dominates in e-commerce. Tencent and Alibaba are the two largest Internet companies in China by

This Chinese Internet Stock Is Near A Buy Point

Shares of Chinese Internet mammoth Tencent (TCEHY) are nearing a buy point on the stock market today. Tencent is China’s messaging giant, running the WeChat and QQ services. It also has a hand in a multitude of other Chinese businesses, including JD.com (JD), BitAuto (BITA) and 58.com (WUBA). At the end of last year, Tencent signed a deal with Time Warner (TWX) to be the exclusive distributor of HBO content in China. It’s in fierce competition

Alibaba, Tencent Participate In Taxi-Hailing Merger

The two leading taxi-hailing apps in China reportedly are in merger talks, with archrivals Alibaba (BABA) and Tencent Holdings playing roles in the outcome, apparently teaming up against another major rival, Baidu. The combination of Kuaidi Dache, backed by Alibaba, and Didi Dache, backed by Tencent (TCEHY), would create a dominant ride-hailing leader. The two taxi-hailing companies are said to be in advanced talks, though a merger would