Is Tencent Stock a Buy?
Chinese tech companies have been getting hit with a wave of political scrutiny in the last few years. For tech titan Tencent Holdings (OTC: TCEHY), its epic rise to power was put on pause in 2018 when Chinese regulators put applications for new games on hold, and clearing hurdles in a complex regulatory system in the country is a never-ending ordeal.
But China's video game and social media giant is facing increased scrutiny away from its home turf as well. Purely looking at the financial picture, though, Tencent is worth owning -- though there are better buys out there at this minute.
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Source Fool.com
