Tencent share price nearly doubled from October low

Hanno Labuschagne

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Tencent share price nearly doubled from October low

Shares of Tencent Holdings Ltd. have nearly doubled from a recent low on growing signs that China is preparing to end its crackdown on major tech firms as well as optimism about the country’s reopening.

The online giant’s stock has risen 96% in Hong Kong since October 28, when it dropped to its lowest since 2017, as approvals for industry funding and new games have begun to trickle in again.

[Bloomberg]
 
This is because they got 'three body' out before netflix got their's out. And netflix one will cancel after season 1 and then tencent wins

 
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