Tencent, Related Stocks Jump as WeChat Gifting Tool Fuels Buying

Bloomberg

2024/12/20

Chinese tech giant’s shares jump as much as 3% in Hong KongGifting function is ‘significant opportunity’ for Tencent: UBPTencent Holdings Ltd and stocks linked to the company rallied on Friday, fueled...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent, Related Stocks Jump as WeChat Gifting Tool Fuels Buying\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2024-12-20 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Chinese tech giant’s shares jump as much as 3% in Hong KongGifting function is ‘significant opportunity’ for Tencent: UBPTencent Holdings Ltd and stocks linked to the company rallied on Friday, fueled...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-12-20/tencent-related-stocks-jump-as-wechat-gifting-tool-fuels-buying\">網頁鏈接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.bloomberg.com/news/articles/2024-12-20/tencent-related-stocks-jump-as-wechat-gifting-tool-fuels-buying\">Bloomberg</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00700","symbol_name":"騰訊控股","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-12-20/tencent-related-stocks-jump-as-wechat-gifting-tool-fuels-buying","article_id":"1154427362","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1584095487587","url":"https://www.bloomberg.com/news/articles/2024-12-20/tencent-related-stocks-jump-as-wechat-gifting-tool-fuels-buying","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1154427362","pubTimestamp":1734665805,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Chinese tech giant’s shares jump as much as 3% in Hong KongGifting function is ‘significant opportunity’ for Tencent: UBPTencent Holdings Ltd and stocks linked to the company rallied on Friday, fueled","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股","02013":"微盟集团"},"translate_title":"微信送礼工具刺激购买，腾讯控股及相关股票上涨","themeId":"346c53d281ed831fed5f5513f43930ab","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02013":1.1,"00700":1.1},"content_text":"Chinese tech giant’s shares jump as much as 3% in Hong KongGifting function is ‘significant opportunity’ for Tencent: UBPTencent Holdings Ltd and stocks linked to the company rallied on Friday, fueled by investor enthusiasm over a new gifting function on its popular WeChat platform.Tencent’s shares jumped as much as 3% in Hong Kong, putting it on course for its first weekly gain in months. Weimob Inc, a cloud computing company backed by the Chinese tech giant, rose as much as 17%. In China’s onshore stock market, snack makers Yankershop Food Co and Shanghai Ziyan Foods Co rose by the daily limit of 10%, as did cosmestics producer Guangzhou Ruoyuchen Tech Co.The stocks jumped in the wake of a move by a WeChat-based shopping platform to test a gifting function ahead of the holiday season. It will allow users to give gifts priced less than 10,000 yuan ($1,370), excluding jewelry and educational services, according to a statement. The function should help boost traffic and e-commerce on the social media platform, market watchers say.「It can be a significant opportunity for Tencent since they have the user reach but never really capitalized on it previously」, said Vey-Sern Ling, managing director at Union Bancaire Privee. 「Like with the case of video accounts, Tencent is capable of catching up as a latecomer with the help of its strong traffic and execution.」Strong holiday gift-giving demand should help drive direct user traffic to WeChat mini stores and cultivate shopping habits, write Guotai Junan Securities analysts including Zi Meng in a note. Snacks, cosmetics and service providers are likely beneficiaries, they added.WeChat is making e-commerce an integral part of its offerings, which already span everything from ride-hailing to paying gas bills. Its mini stores started off by focusing on live-stream shopping, but have quickly expanded to connect with the platform’s other features, including social feeds and chat groups.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}