Where Will Tencent Stock Be in 5 Years?
(OTC: TCEHY) once seemed like a promising long-term play on China's booming tech sector. It's the world's largest video game publisher, and its top games dominate China's gaming market. It owns WeChat (also known as Weixin), the leading "super app" in China, which bundles together mobile messages, social networking tools, digital payments, online purchases, integrated games, and other features in a walled garden.
Tencent owns China's third-largest cloud infrastructure platform, after Alibaba Cloud and Huawei Cloud, as well as WeChat Pay -- which holds a near-duopoly in China's digital payments market with Ant Group's AliPay. It also owns the streaming video platform Tencent Video and the streaming music leader Tencent Music (NYSE: TME).
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Source Fool.com
Tencent Holdings Ltd. Stock
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Tencent Holdings Ltd. stock is not clear.
However, we have a potential of -4.88% for Tencent Holdings Ltd. as the target price of 40 € is below the current price of 42.05 €.
