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How to Buy Tencent Stock [2024]

How to Buy Tencent Stock [2023]
Bogdan Stojkov

Summary: Tencent (HKEX: 700) is a Chinese multinational conglomerate offering a diverse range of products and services, including social media, gaming, and digital advertising. The most convenient way to buy Tencent stock is through a reputable broker platform like eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Tencent

Tencent homepage. Source: tencent.com

Founded in 1998, Tencent is a Chinese multinational conglomerate with a strong presence in the technology and entertainment industries. Renowned for its diverse offerings, Tencent operates in sectors like social media, gaming, e-commerce, and digital advertising. With flagship products such as WeChat and Tencent Games, the company has established itself as a global player in the tech arena.

Tencent IPO

Tencent went public on the Hong Kong Stock Exchange (HKEX) in 2004. Since then, it has experienced remarkable growth, becoming one of the largest and most valuable technology companies globally. Investing in Tencent allows you to tap into the expanding tech landscape in China and beyond.

How to buy Tencent stock: Step-by-step

If you’re looking to buy Tencent stock, you can follow our step-by-step guide right here and become a shareholder in no time.

Step 1: Choose a broker

The first step in purchasing Tencent stock is to select a reliable and reputable brokerage platform. Numerous online brokers offer access to international stock markets, making it crucial to choose one that aligns with your preferences and financial goals.

That said, our go-to broker is eToro—a popular platform with over 30 million users across the world. Furthermore, besides being licensed by regulatory authorities like FinCEN, eToro offers a host of solid investing features, including:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

When selecting a broker, you should consider factors such as:

  • Trading fees;
  • Ease of use;
  • Available research tools;
  • Customer support.

Step 2: Fund your account

Once you’ve chosen a broker, the next step is to fund your trading account. Most brokers allow you to deposit funds through various methods, including bank transfers, credit/debit cards, and electronic payment services.

Step 3: Place an order to buy Tencent stock

With your account funded, it’s time to place an order to buy Tencent stock. So, access the trading platform provided by your chosen broker and search for Tencent using its ticker symbol (700 for Hong Kong-listed shares).

Next up, enter the number of shares you want to purchase and specify the order type (market order or limit order). A market order executes at the current market price, while a limit order allows you to set a specific price at which you’re willing to buy.

Tencent stock price today

Pros and cons of buying Tencent stock

Pros

Pros

  • Global presence: Tencent’s diverse portfolio and global reach provide exposure to various high-growth sectors;
  • Innovation: The company consistently invests in research and development, staying at the forefront of technological advancements;
  • Strong financials: Tencent’s financial performance, marked by consistent revenue growth, adds to its appeal to investors.
Cons

Cons

  • Regulatory risks: Like many Chinese tech companies, Tencent faces regulatory uncertainties that could impact its operations;
  • Competition: Intense competition in the tech industry could pose challenges to Tencent’s market share and profitability;
  • Currency risks: Investing in a foreign stock introduces currency risk, as exchange rates can affect the value of your investment.

If you’re interested in investing in top gaming stocks, you can check out our additional guides, including:

Common mistakes to avoid when buying stocks

When buying stocks, some of the most common investing mistakes to avoid include:

  • Neglecting research: Failing to understand the company, its financials, and the industry can lead to uninformed investment decisions;
  • Ignoring risks: Every investment carries risks. Be aware of both company-specific and market risks associated with Tencent;
  • Overlooking fees: High transaction fees can eat into your returns. Choose a broker with transparent and reasonable fee structures.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Tencent stock

Can I buy Tencent stock on U.S. exchanges?

Tencent is primarily listed on the Hong Kong Stock Exchange, but some brokers may offer American Depositary Receipts (ADRs) that represent Tencent shares and are traded on U.S. exchanges.

What is Tencent's ticker symbol?

Tencent’s ticker symbol on the Hong Kong Stock Exchange is 700.

How often should I monitor my Tencent investments?

Regularly review your investments to stay informed about the company’s performance and any market developments. However, avoid making impulsive decisions based on short-term fluctuations.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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