China's National Press and Publication Administration issued 483 game licenses in the second quarter, up 13% year on year. Approvals rose in each month of the quarter. Domestic titles drove the gain, up 17%, while imported licenses, already a tiny share of the total, kept falling.
Several Tencent products remain early in their monetization cycles, offering meaningful long-term growth optionality.
Chinese regulators have become more assertive. There is always the possibility that the government may want more control over Tencent's internet businesses by curbing monetization, limiting collection of user data, or restricting acquisitions.
|
Metric
|
00700
|
BABA
|
BIDU
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.05 | 29.76 | 16.46 |
Price/Book Value | 3.20 | 1.70 | 0.96 |
Price/Sales | 5.17 | 1.87 | 2.08 |
Price/Cash Flow | 14.23 | 19.43 | 47.28 |
|
Metric
|
00700
|
BABA
|
BIDU
|
|---|---|---|---|
Quick Ratio | 1.27 | 1.05 | 1.57 |
Current Ratio | 1.44 | 1.28 | 1.85 |
Interest Coverage | 20.35 | 5.28 | −1.43 |
|
Metric
|
00700
|
BABA
|
BIDU
|
|---|---|---|---|
Return on Assets (Normalized) | 13.35% | 3.46% | 3.74% |
Return on Equity (Normalized) | 23.90% | 6.25% | 6.25% |
Return on Invested Capital (Normalized) | 16.38% | 0.35% | 3.51% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Alphabet Inc Class C
GOOG
| LOCK|kZP@Bj^ | LOCK|&y | $4T | |||
| Alphabet Inc Class A
GOOGL
| LOCK|DQHVJ%Cr | LOCK|!W& | $4T | |||
| Meta Platforms Inc Class A
META
| LOCK|R<<n$nM | LOCK|FQS | $2T | |||
| Tencent Holdings Ltd ADR
TCEHY
| LOCK|?f@W!sk& | LOCK|Bs | $524B | |||
| Spotify Technology SA
SPOT
| LOCK|?>x$&gD | LOCK|Kkxt | $99B | |||
| Nebius Group NV Shs Class-A-
NBIS
| LOCK|%^X>TG | LOCK|$h& | $49B | |||
| Reddit Inc Class A Shares
RDDT
| LOCK|^#f#$& | LOCK|PJJ& | $39B | |||
| Baidu Inc ADR
BIDU
| LOCK|vRny$p> | LOCK|CV& | $37B | |||
| Tencent Music Entertainment Group ADR
TME
| LOCK|zScP$v | LOCK|rc!F | $15B | |||
| Pinterest Inc Class A
PINS
| LOCK|@HR%lr | LOCK|##!C | $13B |
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United States