Tencent, Alibaba may double in price in 5-10 years: fund manager
Thu, Dec 07, 2017 - 5:50 AM
The real opportunity for Tencent and Alibaba is exporting their business models. Tencent can also profit from its strategy of taking minority positions in companies, including its stake in Snap Inc.
OPPENHEIMERFUNDS' Justin Leverenz owes a lot to Tencent Holdings Ltd. The stock, which he started accumulating in 2007 when it traded for about HK$6 (S$1) or about 1/60th of its current price, has helped make his emerging-market mutual fund the...