Reported 12 months ago
Tencent Holdings Ltd. has experienced the biggest stock boost in China in 2024, with a 28% rally and a $91 billion increase in market value driven by the success of the new game Dungeon & Fighter Mobile. Analysts are optimistic due to improved regulatory climates and strong market performance, with expectations high for upcoming game releases. Tencent's shares have outperformed peers and reclaimed its position as Asia's second-largest stock behind Taiwan Semiconductor Manufacturing Co.
Source: YAHOO