On August 18th, Tencent Holdings announced the company had beaten second-quarter industry forecasts. This comes after the organization reported a 29% jump in profits during Q2 of 2021.
“There will be short-term uncertainties and there will be a lot of new regulations that will be coming,” said Tencent President Martin Lau. “The goal is that the government wants to foster a long-term sustainable path for the industry. The government does recognize its importance on the economic side, on the social side and also the contribution of the industry to global competitiveness.”
Tencent Holdings Ltd. is one of the biggest technology companies on the planet. The organization was founded in 1998 and is currently headquartered in Shenzhen, China.
Tencent currently trades under the ticker symbol “TCEHY”. As of 12:22 PM EST on August 26th, one share of stock in the company is worth $60.83.