Equity reports

Get to know your offshore companies: TENCENT HOLDINGS LTD (HK: 0700)

Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services.

The company released its first-quarter results for 2019 on Wednesday, 15 May. Tencent reported a 16% increase in revenue to Rmb 85.5bn.

The holding company’s segment that showed the biggest gains was its FinTech & Business Services. This segment’s revenue increased by 44% on a year-on-year basis.

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