Tencent Holdings Ltd traded at $61.59 this Wednesday August 5th, decreasing $1.17 or 1.86 percent since the previous trading session. Looking back, over the last four weeks, Tencent lost 6.67 percent. Over the last 12 months, its price fell by 15.94 percent. Looking ahead, we forecast Tencent Holdings Ltd to be priced at 59.91 by the end of this quarter and at 55.67 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tencent Holdings Ltd is an investment holding company primarily engaged in the provision of value-added services (VAS), online advertising services, as well as FinTech and business services. The Company primarily operates through four segments. The VAS segment is mainly engaged in the provision of online games, video account live broadcast services, paid video membership services and other social network services. The Online Advertising segment is mainly engaged in media advertising, social and other advertising businesses. The FinTech and Business Services segment mainly provides commercial payment, FinTech and cloud services. The Others segment is principally engaged in the investment, production and distribution of films and television program for third parties, copyrights licensing, merchandise sales and various other activities.