Shares of Tencent experienced a turbulent year. Revenues and profit increased substantially in the first quarter

The Chinese multinational holding company is one of the most valuable Chinese companies and a T0P 3 brand of the Asian Brands of Twenties chart by Alpho. As a technology company its shares experienced a relatively turbulent last 12 months. During the most of 2023 Tencent market capitalization declined. Only a month ago right after the 1st quarter results announcement Tencent shares started to grow again. But anyway, this development seems to be just temporary.

Blog author

Oleh Shalenyk

Financial Analyst

Since the beginning of 2022, Oleh has worked as an operational analyst for Gulf Brokers, one of the world's leading brokers. Currently, Oleh is the chief analyst at Alpho, the dynamically expanding broker platform, particularly in Southern and Southeastern Asia and the Middle East. Oleh holds a master's degree in program engineering. In 2020, he began his career in the crypto trading industry, where he discovered enthusiasm for financial markets and developed his analytical skills.

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