5 Reasons Tencent Could Be a Massive Bargain
Investors are justifiably fleeing Chinese stocks right now. Since late 2020, the Chinese Communist Party has been cracking down on China's tech companies, wiping out more than $1 trillion in market value on fears of increasing regulations.
For some, especially private online education companies, the regulations have dramatically affected their business models, wiping out a significant portion of their current revenue.
And yet, while there is still lots of uncertainty, Chinese internet giant Tencent Holdings (OTC: TCEHY) seems well positioned to weather the near-term turbulence and thrive over the long term, based on its recent earnings release. Now down some 45% from its February highs, it could be a huge opportunity for those willing to take the plunge. Here are five reasons:
Source Fool.com
