Tencent is a dominant player operating five main platforms: IM - QQ, Weixin, SNS, online game, media (self-media, microblog, video), and utilities (video browser, mobile browser). It owns the world’s third largest social platform with 90% penetration in China. It is the No.1 global leader in online games which owns 100% Riot Games and 84.3% Supercell. It is also the No.2 payments player competing with Alipay (Source).
My personal opinion is that Tencent is the veins of the Chinese consumer economy, which grows massively, leading Tencent to huge growth opportunities.
Very anecdotal observation - I’ve travelled to China a few times in the past 2-3 years, and WeChat seemed to be the primary mobile payments app. Even the smallest street stalls seemed to accept it.
Chinese gov’s recent restrictions on launching new games seem to have depressed the stock in recent months - possible opportunity for ^ if the restrictions are lifted in future…
Why is tencent not in there? It’s one of the biggest Chinese companies out there next to alibaba. And alibaba is not on the list atm too. I thought it was going on??
It is a peculiar one because Tencent is not traded on the NYSE or NASDAQ, but rather is an “Over the Counter” stock. It creates some complications when it comes to offering it, liquidity and compliance being two to mention. Maybe someone from Freetrade could elaborate further
