Tencent Holdings Ltd (HKG:0700) in Madison International Stock Fund Q3 2024

Strategic Positioning in Digital Ecosystem and Global Expansion

Apr 14, 2025

Summary

Investment rationale: Dominance in social media and gaming sectors.
Market positioning: Strong foothold in China with expanding international presence.
Risks and challenges: Regulatory scrutiny and geopolitical tensions.
Recent performance: Resilient growth despite market volatility.
Future outlook: Continued innovation in AI and cloud services.

In the Madison International Stock Fund Q3 2024 investment strategy letter, Tencent Holdings Ltd (HKG:0700, Financial) was highlighted as a key holding due to its robust position in the digital ecosystem, particularly in social media and gaming. The fund managers, Thomas Tibbles and Patrick Tan, emphasized Tencent's strategic initiatives to expand its global footprint while navigating regulatory challenges in China.

"Tencent's ability to innovate and adapt in a rapidly changing digital landscape makes it a cornerstone of our international portfolio. We are particularly optimistic about its ventures in AI and cloud computing, which are expected to drive future growth." — Madison International Stock Fund Q3 2024 Fund Letter

Read full letter at gurufocus madison international stock fund q3 2024 investment strategy letter 2024 Q3 page.

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