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
Our community is currently high on Tencent Holdings Ltd. with 4 Buy predictions and 1 Sell predictions.
With a target price of 55 € there is a slightly positive potential of 12.82% for Tencent Holdings Ltd. compared to the current price of 48.75 €.
