Newer social platforms like Douyin, the Chinese twin of TikTok, have increasingly gained user traffic at the expense of Baidu offerings including its Netflix-style affiliate iQiyi Inc. Baidu -- which makes about 70% of revenue from online marketing -- controlled 8% of Chinese usersâ time spent on apps in December, half of ByteDanceâs 16%, according to researcher QuestMobile.To compete, its flagship search app is morphing into a social media platform hosting an array of content from news articles to live-streams and short videos. The share price climbed by 21 per cent from 519 Hong Kong dollars (HKD) on December 28 to a fresh high of 629.50 HKD on January 14. Long. Change-4.00 ... Kuaishou Technology Says Fixed Offer Price At HK$115.00 Per Share For Global Offering ... Chinese tech giant Tencent Holdings Ltd has become the target ⦠Fundamental company data and analyst estimates provided by FactSet. Find the latest BABA-SW (9988.HK) stock quote, history, news and other vital information to help you with your stock trading and investing. ET on Zacks.com 3 AI Stocks to Buy That Arenât Nvidia, Google or IBM A week ago, Nomura raised Tencent's revenue forecast for the 2020/2021 fiscal year by 1%, raising its target price from HKD 437 to HKD 440. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. $9988.HK #Alibaba #Target #Price #HongKong #HSI #Stocks #Trading. The stock reached a record high in June and continued to rally in the second half of 2020. Stock analysis for Tencent Holdings Ltd (700:Hong Kong) including stock price, stock chart, company news, key statistics, fundamentals and company profile. In the report, Nomura made a forecast for Tencent's upcoming Q4 results in 2019, predicting that Q4 revenue will increase 24% YoY to HKD 105 bln and earnings per share (EPS) will increase 28 % YoY to HKD 2.64. The stock has an average rating of Buy and a consensus target price of $88.74. Our Tencent Holdings Ltd (0700) consensus estimates gives you the next 12-Months price consensus forecasts, based on industry's top analysts ... Currency in HKD ( Disclaimer) Type: Equity. Company News. Price target in 14 days: 109.651 USD. Shares of TCEHY stock opened at $96.10 on Tuesday. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Tencent Holdings Ltd has risen higher in 9 of those 11 years over the subsequent 52 week period, corresponding to a historical probability of 81.82 % Is Tencent Holdings Ltd Stock Undervalued? BinhMinhNG. Tencent Holdings Limited [0700.HK] BUY Close: HK$272.2 (Nov 14, 2018) Target Price: HK$341.9 (+25.6%)believe the Companyâs fundamentals will become stronger because Tencentâs other business seg-Price Performance Market Cap US$330,840m Shares Outstanding 9,520.2m Auditor Pw Free Float 59.9% 52W range HK$251.4-476.6 Get today's Tencent Holdings Ltd stock price and latest 0700 news as well as Tencent Holdings real-time stock quotes, technical analysis, full financials and more. According to analysts' consensus price target of $81.03, Tencent has a forecasted downside of 17.1% from its current price of $97.79. Revenue for the December quarter is projected to surge 4.1%, the fastest pace in 2020, according to analystsâ estimates.âAI was popular a couple of years ago, however it has been quiet as the application in real world is not easy,â said Tian X Hou, founder of research firm TH Capital, in a note. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Get Tencent Holdings Ltd (700-HK:Hong Kong Stock Exchange) real-time stock quotes, news, price and financial information from CNBC. Those funding efforts precede a Hong Kong share sale thatâs said to be on track to raise $3.5 billion. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 757.00 HKD. Data may be intentionally delayed pursuant to supplier requirements. Discover historical prices for 0700.HK stock on Yahoo Finance. Tencent has more than 1 million paying customers for its cloud service for enterprise customers. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By handing out the traditional red packets in the form of âdigital renminbiâ, Chinaâs authorities are conducting trials for a crucial new technology that could lead the worldâs adoption of digital currencies and set global technical standards. Tencent (OTCMKTS:TCEHY) had its price objective lifted by Barclays from $89.00 to $115.00 in a report released on Tuesday morning, The Fly reports. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. It has recently reached out to investors including IDG Capital and GGV Capital to raise funds for its AI chips unit ahead of a potential spinoff of the business, according to people with knowledge of the matter.At the same time, Baidu is seeking to raise another $3 billion in its biggest syndicated loan deal, Bloomberg News reported last week, citing people with knowledge of the plan. Tencent stock price target raised to RMB600 from RMB550. High growth drives share price to record. International stock quotes are delayed as per exchange requirements. Celebrations in China to mark the lunar new year of the Ox, which began on February 12, have been somewhat muted because of the coronavirus pandemic. All rights reserved. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 700, 1D. Tencent Holdings Ltd may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked. Tencent Holdings Ltd. analyst ratings, historical stock prices, earnings estimates & actuals. Bloomberg: On Monday, analysts at Citigroup Inc. lifted their target price on the firm by 19% to HK$876, the highest among analysts tracked by Bloomberg, citing the companyâs market-share expansion and growth in the gaming sector and other digital businesses. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper.