- The plethora of headwinds facing Chinese Internet stocks are well known but since October 2008, TCEHY is up over 30 times even after the recent crash.
- With TCEHY’s outperformance over BABA stock, it's no wonder some questioned if Tencent stock is overvalued.
- To assuage shareholders’ concerns, Tencent elaborated at length on its strategies for maintaining its strong market position and capturing growth opportunities.
- China's 12 tech giants hiring more workers than they lost in the past nine months should be a reminder that investors should not take negative news (e.g. of massive layoffs) at face value.
- The push for Chinese alternatives by both Beijing and foreign governments to balance the dominance of American platforms provides Tencent offerings with a good shot at global monetization.
For further details see:
Is Tencent A Good Stock To Buy, Sell, Or Hold?