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Tencent Stock Predictions: Tencent Is The Best Bet On The Fast-Growing Video Games Industry

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know FirstSummary:

TCTZF Stock Prediction

Summary:
  • Europe is the first to get the beta or soft-launched English version of Tencent’s King of Glory mobile game. Tencent rebranded it as Strike of Kings.
  • King of Glory, also known as Honor of Kings, is generating 2 to 3 billion yuan in monthly gross sales in China. That’s $295 million to $435 million.
  • The international release could help King of Glory double up its monthly gross sales. Two years from now King of Glory and its English version could contribute gross sales of $4 billion annually.
  • Tencent’s leadership in both PC and mobile games revenue makes it the best bet on the fast-growing video games business.
  • TCTZF has strong buy signals based on its short and long-term market trend algorithmic forecasts.

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