Kill Two Birds With One Stone: Tencent to Charge Weixin Payment Users Fees for Cash Withdrawal

Tencent's Multiple Platforms Deliver Key Advantages

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Equity Bottom-Up

Tencent is China's largest Internet service provider based on its two key social networking platforms, Weixin and QQ.Through connecting users with content, services and hardware, Tencent has won the loyalty of several hundred million subscribers.Our fair value estimate for Tencent has increased to HK$161 per share after we made upward revisions to online advertising revenue growth, which is partly offset by downsized online gaming revenue growth and near-term margin pressure.Analyst: Marie Sun

Tencent is China's largest Internet service provider based on its two key social networking platforms, Weixin and QQ.Through connecting users with content, services and hardware, Tencent has won the loyalty of several hundred million subscribers.Our fair value estimate for Tencent has increased to HK$161 per share after we made upward revisions to online advertising revenue growth, which is partly offset by downsized online gaming revenue growth and near-term margin pressure.Analyst: Marie Sun

This Chinese Internet Giant Is Riding the Mobile Wave.