After years of rising, Tencent has started its downturn this year. According to Bloomberg data, Tencent is currently among the top 10 companies with a market value of more than $100 billion and being rated (significantly) by the analysts. The worst performance so far.
So far, Tencent has fallen 22%, the market value has evaporated by about $108 billion, and its share price has fallen from the highest of 474.60 at the beginning of this year to around 320 Hong Kong dollars.
The main reason for the decline is that investors are worried about Tencent's profits, the most promising game business prospects are uncertain, and there are various regulatory policies.
This year, technology stocks have fallen in various kinds, only Apple and Amazon have reached new heights.
After years of rising, Tencent has started its downturn this year. According to Bloomberg data, Tencent is currently among the top 10 companies with a market value of more than $100 billion and being rated (significantly) by the analysts. The worst performance so far.
So far, Tencent has fallen 22%, the market value has evaporated by about $108 billion, and its share price has fallen from the highest of 474.60 at the beginning of this year to around 320 Hong Kong dollars.
The main reason for the decline is that investors are worried about Tencent's profits, the most promising game business prospects are uncertain, and there are various regulatory policies.
This year, technology stocks have fallen in various kinds, only Apple and Amazon have reached new heights.
