Tencent Holdings Ltd.’s successful foray into short videos and a softening regulatory backdrop have fueled a $160 billion rally since October, the next leg of which will hinge on a crucial earnings release this week.
Much of Tencent’s rally was driven by anticipation of future sales streams and a belief that Beijing will keep its promises of supporting the private sector. “A key area to watch will be contribution from video accounts, which could help surprise on the upside.”
Indonesia Berita Terbaru, Indonesia Berita utama
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