According to reports, in the first quarter of 2024, the market value performance of Tencent and Alibaba showed a significant contrast. By the end of May 16, Tencent Holdings' share price had risen 3.98%, with a market value of HK $3739.5 billion, while Alibaba's share price had fallen 3.57%, with a market value of HK $1623.8 billion.
Industry insiders said that this was mainly due to the high user stickiness of Tencent's business. Although the game business is affected by the minors' game time restriction policy, the performance impact is limited. On the contrary, Alibaba's main business is facing fierce competition.
In terms of capital, Alibaba has not yet completed the conversion of its listing place from the United States to Hong Kong, so it has not been included in the list of Hong Kong Stock Connect. At the same time, Tencent obtained a continuous increase in its holdings of mainland funds. In the financial report for the first quarter of 2024 released, the company achieved revenue of 159.501 billion yuan, up 6% year on year; The net profit was 50.265 billion yuan, up 54% year on year.
Analysts pointed out that in the e-commerce field, Alibaba, which has weak stability and bilateral network effect, is vulnerable to competitors. However, Tencent, which has actively deployed overseas games and large model technology, has provided new impetus for its performance growth.
Although Alibaba said in its financial report that GMV is expected to resume healthy growth in the 2025 fiscal year, the current competitive pattern of e-commerce is still unclear. This has suppressed its market value performance to some extent.
This article is an original article. If it is reproduced, please indicate the source: Tencent's market value has more than doubled that of Ali! Why https://dcdv.zol.com.cn/872/8720538.html
https://dcdv.zol.com.cn/872/8720538.html
dcdv.zol.com.cn
true
Zhongguancun Online
https://dcdv.zol.com.cn/872/8720538.html
report
eight hundred and thirty-two
According to reports, in the first quarter of 2024, the market value performance of Tencent and Alibaba showed a significant contrast. By the end of May 16, Tencent Holdings' share price had risen 3.98%, with a market value of HK $3739.5 billion, while Alibaba's share price had fallen 3.57%, with a market value of HK $1623.8 billion. Industry insiders said that this was mainly due to the high user stickiness of Tencent's business. Although the game business is affected by minors