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|
- What You Should Know About Tencent | Tencent Holding Ltd. ADR (OTCMKTS:TCEHY) | SeekingAlpha.com Apr. 25, 2017: Tencent's US investments: Tesla: $1.8 billion investment, 5% of Tesla shares; Snapchat: $80 million, Series B; Lyft: $680 million, Series E; Riot: $0.6 billion, 100% own by Tencent; Supercell: $8.6 billion ..."
- Snap Inc. $SNAP Q3 2017 Results LIVE Webcast Nov 7 | DomainMondo.com.
- 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.
More more about WeChat's offerings for businesses, developers, and partners at open.wechat.com. WeChat video above published Oct 17, 2016.
Our latest data report on the WeChat Lifestyle is out! Read it here: https://t.co/Ad2Aze1FxU pic.twitter.com/GKYD2YdN5x— WeChat (@WeChatApp) November 9, 2017