Tencent: Updates on Online Game Measures and Other Business Segments
What’s New: We maintain our 4Q23 estimates as overall business could remain largely intact. In this note, we discuss key updates including near-term outlook for segments including games, ads, and business services.Analysts:
Jin Yoon
Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms. The Online Advertising segment is mainly engaged in display based and performance based advertisements. The Others segment is mainly involved in provision of payment related services, cloud services and other services.
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