China's Tech Anchor: Why There's No Avoiding Tencent
With a P/E ratio of 17.3, Tencent is favorably valued compared to US tech giants.
Tencent is actively reducing its dependence on the Chinese market by expanding its cloud business into the Middle East.
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Tencent (HKEX: 700) is much more than just a gaming giant. With a market capitalization of $695.0 billion, the company is the undisputed heavyweight of the Chinese stock market and is considered a classic core investment in the Chinese tech sector. Anyone looking to bet on China's digital future cannot overlook this stock. Despite an impressive rally of +56.4% in the last 12 months (in HKD), the stock is still noticeably below its all-time high from February 2021. This indicates that the market is gradually pricing in the geopolitical risks...
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