Tencent is a multinational technology and entertainment conglomerate based in Shenzhen, China. The company has become one of the top multimedia companies in the world. Its products include online games, mobile applications, and social media sites. As a result, it has attracted investors around the world. The company is one of the most profitable and highest-grossing companies in its sector.
While Tencent has faced a lot of negative press lately, investors should not overlook it as a bargain buy. The company’s gaming portfolio is vast, including popular games such as Honor of Kings, Peacekeeper Elite, PUBG Mobile, League of Legends, and Clash of Clans. In addition, the company publishes four of the top ten games on Apple’s iOS platform.
Listed on the Hong Kong Stock Exchange, Tencent has become one of the world’s most valuable technology companies. With subsidiaries in gaming, advertising, and other sectors, Tencent is a technology powerhouse that has expanded across Asia and continues to expand globally. Investing in Tencent stock can be a lucrative option, with a low risk profile and tight spreads. Its market cap is now more than $500 billion, making it one of the biggest companies in the world.
Tencent’s business services and fintech divisions are growing quickly. They grew faster than the VAS sector last quarter. In addition, the company’s investment team is investing outside of China, expanding its global presence. The company plans to invest $90 billion in listed companies by 2022.