What is the issue with Tencent?

Tencent and online censorship

The company has also used artificial intelligence to identify and block user-created images created to get around government censorship by Chinese citizens. Tencent has also shut down social media accounts that share information critical of the Chinese government.

What went wrong with Tencent?

Tencent said Monday it had fired more than a hundred employees for violating company policies. Those accused were found to have embezzled company funds and accepting bribes, it added, with a number referred to police and some found guilty in court.

What is the Tencent Holdings controversy?

Tencent Holdings said on Monday that it fired more than 100 employees for bribery and embezzlement last year, and it blocked 23 companies from doing business with the Chinese social media and video gaming giant.

Why did China suspend Tencent?

GUANGZHOU -- China's Tencent Holdings and other major gaming vendors in the country are shutting down their games nationwide on Tuesday in an apparent tribute to late President Jiang Zemin, amid Beijing's tightening oversight of the gaming industry.

Why is Tencent down so much?

Tencent's stock suffered a sharp drop after the company reported its slowest-ever growth due to a bruising crackdown by China on the country's tech sector. Shares in the Chinese social media and gaming giant tumbled around 6% in Hong Kong on Thursday after its US-listed shares closed 5.4% lower on Wall Street.

What is Tencent?

Should I hold Tencent or sell?

Tencent has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.

Will Tencent go back up?

We expect Tencent to retain strong liquidity, and its FCF generation to remain quite large and rise to over CNY100 billion in 2023. Depending on how it uses cash raised from divestments, Tencent could restore its net cash position earlier than we expect, which is by 2024.

Why do people not like Tencent?

Tencent and online censorship

Privacy advocates have found that Tencent has shared the conversations of users of their applications with the Chinese government. The company has also used artificial intelligence to identify and block user-created images created to get around government censorship by Chinese citizens.

How much of Tencent is owned by China?

The gaming and social networking behemoth and the state-owned carrier have received regulatory approval to set up a joint venture, according to a government announcement. Following the transaction, Tencent and China Unicom will respectively own 42% and 47% of the firm.

What happened to Tencent in China?

Tencent Holdings Ltd. In 2021, CCP's infamous crackdown resulted in a $1.5 trillion value obliteration from its tech stocks, with Tencent dropping from about $700 billion market cap to $560 billion. 2022 turned out even worse, with the company currently valued at about $325 billion, losing over half its value YTD.

Who owns majority of Tencent?

South African media company Naspers purchased a 46.5% share of Tencent in 2001. As of 2021, it owns 30.86% through Prosus, which also owns a stake in Tencent's sister companies, such as OLX, VK, Trip.com Group, Delivery Hero, Bykea, Meesho, Stack Overflow, Udemy, Codecademy, Brainly and PayU.

Does Tencent own TikTok?

TikTok, also known in China as Douyin (Chinese: 抖音; pinyin: Dǒuyīn), is a short-form video hosting service owned by the Chinese company ByteDance. It hosts user-submitted videos, which can range in duration from 3 seconds to 10 minutes.

Is Tencent a good company?

Tencent Reviews FAQs

Is Tencent a good company to work for? Tencent has an overall rating of 4.1 out of 5, based on over 2,052 reviews left anonymously by employees. 77% of employees would recommend working at Tencent to a friend and 64% have a positive outlook for the business.

Is Tencent the Facebook of China?

Tencent Is 'The Facebook Of China,' 13x Earnings, 55% Of Its Market Cap In Investments.

Why is Tencent buying Ubisoft?

Guillemot went on to say that Tencent's increased stake into Ubisoft would bolster the company's efforts to grow abroad “while preserving our identity and values.”

Is Tencent bigger than Apple?

The Chinese tech titan led the industry in game-related revenue last year at USD 32.2 billion, well ahead of Sony's USD 18.2 billion and Apple's USD 15.3 billion, according to Dutch research firm Newzoo. This lead owes largely to Tencent's wide-ranging portfolio, which includes US, European, and South Korean companies.

Is Tencent owned by Alibaba?

China's Alibaba and Tencent Are Merging

Jack, founder of Alibaba Group Holding Ltd., and Pony, founder of Tencent Holdings Ltd., are mutually working together for the second time this year by combining two startups they've financed separately.

Who is Tencent biggest competitors?

Does Tencent take your data?

Our products and services are designed to minimize the amount of data that Tencent, or anyone else, collects and has access to. When data is collected, we provide a wealth of user controls so users can manage how much of their data is collected, used, and shared.

Are video games still banned in China?

Mainland China. A very large number of video games are banned in mainland China. Games that depict drugs, sexuality, blood, organized crime or defamation of the Chinese government are almost always banned.

Is Tesla owned by Tencent?

Tencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion.

Who is buying Tencent?

China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions, report says. The letter F. An envelope.

What is the prediction of Tencent?

Stock Price Forecast

The 53 analysts offering 12-month price forecasts for Tencent Holdings Ltd have a median target of 53.65, with a high estimate of 74.70 and a low estimate of 31.85. The median estimate represents a +23.05% increase from the last price of 43.60.

How to invest in Tencent in the US?