Online music paying users jumped 37.7% to 71.2 million from a year earlier, while the figure increased by 5 million from the prior quarter.
The total revenue of Tencent music in the third quarter was CNY 7.81 billion, an increase of 3.0% over the same period.
The net profit was CNY 1.06 billion, a decrease of about 35% over the same period.
The financial...
Hello everyone. Two months ago, I've published a post titled ' Tencent completed retest, ready to challenge gap! '. Yep, I'm right about the challenge, however, it failed to firmly close above the grey zone.
Now, I'd like to revisit Tencent again as the earning repor t is coming out 6 days later.
Let's have a look at the daily chart. Firstly, the uptrend line...
The outbreak of COVID-19 in 2020 damaged many sectors. The videoconferencing market was among the winners.
Tencent Meeting (global version – VooV Meeting) took its second mover advantage and tightly followed its global counterpart – Zoom. Released in late December of 2019, Tencent Meeting, although coming out seven years later than Zoom, has now become the most...
Tencent is looking to prepare for the next stage of internet games with a new studio that focuses on metaverse.
Tencent Holdings is assembling an international team for its new gaming studio that will be under TiMi Studio Group, a subsidiary of Tencent. Rumor has it that the company sent out an internal letter indicating the establishment of new 'F1'. According...
TCEHY has been on a medium term downtrend since 030521 since the short signal issued at $78.60. The long term charts is still long from 010620 at $56.70. A break above the weekly supertrend resistance at $73.13 may resume the uptrend supported by a long signal on the day charts at $62.70 on 071021
Long Term UPTREND since 010620
Medium Term DOWNTREND since...
Some reasons why we're probably near a bottom with Chinese equities, +/- 10-20%
1) Since 2013, price has consistently respected the trendline - no different than a standard demand curve in economics. Trendlines are demand for price over a period of time and they work best when price revisits them often and shown to bounce after.
2) We also have the 200 week...
Price supported by 200D MA & 23.6% Fibo.
Break below $418, price will drift lower.
Break above 38.2% ($490) will see next resistance at 50% fibo ($545)
Read article here
One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to).
The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy...
Tencent has bottomed.
- Inverse H&S
- High volume
- Support from 200 WMA
- Support from trend line
- Oversold RSI
What else bottoming out needs? Nothing IMO.
Tencent has bottomed.
- Inverse H&S
- High volume
- Support from 200 WMA
- Support from trend line
- Oversold RSI
What else bottoming out needs? Nothing IMO.
First question is what is your holding period?
If you look to invest for more than 6 months to a year, then good to build your first position in Tencent at current price and we might see 7xx in future (unknown timeline) .
However, if you are trading for quick profit, the current price will most probably ranging within $100 before any significant move can happen...
So far, the gaming giant has sued or sent letters to more than 20 account trading platforms and several e-commerce platforms, demanding them to stop all relevant services.
The rates for account renting services for Honor of Kings – which usually cost CNY 33 per two hours – have been emerging on the Internet and, in response, Tencent Game, the gaming sector under...
