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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 Scalper1 News
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