Better Chinese Tech Stock: Tencent vs. Alibaba
Tencent Holdings (OTC: TCEHY) and Alibaba Group Holding (NYSE: BABA) are two of the biggest tech companies in China. Tencent owns WeChat, the country's largest mobile-messaging platform and super app, and it's the world's largest video game publisher. Alibaba owns the country's largest e-commerce and cloud infrastructure platforms.
Tencent's WeChat Pay holds a near-duopoly in China's digital payments market along with AliPay, which is owned by Alibaba's fintech affiliate Ant Group. Tencent and Alibaba also each operate their own streaming-video and music platforms.
Image source: Getty Images. The Shanghai skyline.
Source Fool.com
Tencent Holdings Ltd. Stock
The community is currently still undecided about Tencent Holdings Ltd. with 2 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 40 € is below the current price of 42.05 € for Tencent Holdings Ltd., so the potential is actually -4.88%.