Tencent - TechWire

Tencent

        2025.06.16
    
17:37

                            Tencent Holdings repurchased 985,000 shares on June 16 for HK$500.1 million
                        
                            Tencent Holdings repurchased 985,000 shares on June 16 for HK$500.1 million.
                        
17:36

                            Tencent Holdings (00700.HK) repurchased 985,000 shares on June 16, spending HK$500.1 million.
                        
13:32

                            Goldman Sachs is bullish again: Global funds return to China and are optimistic about China's "Top Ten" stocks
                        
                            Recently, Goldman Sachs' chief China equity strategist, Jinjin Liu, released a research report titled "The Return of China's Private Enterprises: The Tide Has Turned". Jinjin Liu pointed out that driven by various macro, policy and micro factors, the medium-term investment prospects of China's private enterprises are improving. Goldman Sachs also imitated the "Big Seven" of the US stock market and listed China's "Big Ten", that is, the top ten Chinese private listed companies that Goldman Sachs is particularly optimistic about. They are: Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui Medicine, Ctrip and Anta. The total market value of the above ten companies is US$1.6 trillion, accounting for 42% of the weight of the MSCI China Index, and the daily trading volume is US$11 billion. Goldman Sachs analysts expect that the earnings of the "Big Ten" will increase by 13% (compound annual growth rate) in the next two years, with a price-to-earnings ratio of 16 times. The "Big Ten" will jointly embody the latest economic themes such as China's artificial intelligence/technology development, "going out", new consumption and improving shareholder returns. In addition, Jinjin Liu specifically pointed out that investing in private enterprises does not mean excluding state-owned enterprises - Goldman Sachs reiterated that it still prefers "high-quality" Chinese state-owned enterprises and shareholder return combinations.
                        
        2025.06.13
    
18:02

                            Hong Kong Stock Exchange documents show that Tencent Holdings (00700.HK) repurchased 982,000 shares on June 13, spending approximately HK$500 million.
                        
18:01

                            Tencent Holdings spent approximately HK$500.4 million to repurchase 982,000 shares on June 13
                        
                            Tencent Holdings spent approximately HK$500.4 million on June 13 to repurchase 982,000 shares.
                        
18:00

                            Tencent Holdings (00700.HK): On June 13, it spent approximately HK$500.4 million to repurchase 982,000 shares.
                        
17:53

                            Tencent not considering acquiring Nexon
                        
                            On June 13, regarding the news that "Tencent plans to acquire Nexon" circulating in the current gaming circle, a source close to Tencent revealed that "Tencent has not contacted the founder's family to discuss a deal, nor has it considered acquiring Nexon." Earlier media reports said that Tencent is studying the acquisition of South Korean game developer Nexon at a valuation of US$15 billion (RMB 107.7 billion) and has contacted the founder's family. According to public information, NXC, the holding platform of Nexon's founder's family, holds 48.42% of Nexon's shares, and the Saudi Public Investment Fund is the second largest shareholder, holding 10.51% of the shares.
                        
17:34

                            Southbound funds net bought HK$189 million, with Alibaba leading the net selling
                        
                            Southbound funds net bought HK$189 million today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Sinopec Oilfield Services received net purchases of HK$406 million and HK$86 million respectively; Alibaba-W ranked first in net selling, with an amount of HK$3.044 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and China National Offshore Oil Corporation received net purchases of HK$1.254 billion and HK$523 million respectively; Tencent Holdings ranked first in net selling, with an amount of HK$878 million.
                        
17:33

                            Southbound funds made a net purchase of 189 million yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Sinopec Oilfield Services received net purchases of HK$406 million and HK$86 million respectively; Alibaba-W ranked first in net sales, with an amount of HK$3.044 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and China National Offshore Oil Corporation received net purchases of HK$1.254 billion and HK$523 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$878 million.
                        
11:47

                            Tencent Music and TVB reach in-depth strategic cooperation
                        
                            On June 13, Tencent Music Entertainment Group and Television Broadcasts Limited (TVB) announced to deepen their all-round strategic cooperation in entertainment and music in the Greater Bay Area. The two parties will focus on integrating resources such as music, technology, user ecology, film and television IP, mainland China, Hong Kong, Macao and overseas channels, and explore the innovative ecological model of "music + film and television + technology".
                        
        2025.06.12
    
20:06

                            Tencent is said to be considering acquiring South Korean game developer Nexon, which is currently valued at $15 billion.
                        
                            Tencent Holdings is exploring the possibility of acquiring South Korean gaming company Nexon, according to people familiar with the matter. Tencent has approached relatives of late Nexon founder Kim Jung-ju to discuss a possible acquisition, the people said. They said Kim Jung-ju's family has been communicating with advisers to evaluate various options.
                        
17:52

                            Tencent Holdings (00700.HK): On June 12, the company spent approximately HK$500 million on the Hong Kong Stock Exchange to repurchase 975,000 shares.
                        
17:51

                            Tencent Holdings: Repurchased 975,000 shares on June 12, spending approximately HK$500 million
                        
                            Tencent Holdings said it repurchased 975,000 shares on June 12, spending about HK$500 million.
                        
17:51

                            Tencent Holdings (00700.HK) said it repurchased 975,000 shares on June 12, spending about HK$500 million.
                        
16:10

                            Hong Kong stocks closed: Hang Seng Index fell 1.36% Hang Seng Technology Index fell 2.20%
                        
                            At the close of Hong Kong stocks, the Hang Seng Index fell 1.36% and the Hang Seng Technology Index fell 2.20%. The Hong Kong Stock Technology ETF (159751) closed down 1.13%, and the Hang Seng Hong Kong Stock Connect ETF (159318) closed down 1.13%. Tencent Music rose more than 3%; Xpeng Motors fell more than 6%, and BYD Co., Ltd. and NIO fell more than 4%.

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Weekly Highlights

                                    Southbound funds made a large net purchase of 5.743 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Meituan-W received net purchases of HK$1.108 billion and HK$493 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$1.489 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Kangfang Biopharma received net purchases of HK$622 million and HK$206 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$391 million.
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                                    Barclays: Raised Oracle (ORCL.N) price target from $202 to $221.
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