2017-11-13

Will China's Tencent Rescue Snapchat and $SNAP Shareholders? (video)

Tencent Gets Social With a Stake in Struggling Snap

China's Tencent Holdings Ltd (domain: tencent.com) has taken a 12 percent stake Snap Inc. (NYSE: SNAP) (domain: snap.com). Michael Pachter, analyst at Wedbush Securities, examines Snap Inc.'s disappointing third-quarter results and Tencent's acquisition of a stake in the social media company. He speaks on "Bloomberg Daybreak: Americas." Bloomberg.com video above published Nov 8, 2017.

Stock Exchange: Tencent shares |  HKG: 0700:
Tencent shares up 100% since Nov 14, 2016
See also:
  • Tencent sees video games, more ads in Snapchat's future--Reuters.com.
  • Tencent (domain: tencent.com) is one of the world's biggest investment corporations, one of the largest internet companies, as well as the most valuable gaming company in the world. Its many services include social network, web portals, e-commerce, mobile games, smartphones, and multiplayer online games. Its offerings in China include instant messenger Tencent QQ, web portal QQ.com, and WeChat, the dominant chat service in China.--Wikipedia.org
Tencent's headquarters: Nanshan District, Shenzhen, China; and a registered office in the Cayman Islands.

Tencent's WeChat: Transforming Business

More more about WeChat's offerings for businesses, developers, and partners at open.wechat.com. WeChat video above published Oct 17, 2016.

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