This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tencent Portfolio, Authorized By NASDAQ, To Become The Only App In China To Provide Free Real-time US Equity Data

NEW YORK, July 7, 2013 /PRNewswire/ -- Tencent, the leading provider of comprehensive internet services in China, today jointly announced with the NASDAQ OMX Group that, Tencent's mobile application Tencent Portfolio has become the only mobile stock application in China to provide Chinese investors with free access to real-time, intraday trade data for all securities traded on NASDAQ systems, under NASDAQ's authorization. To symbolize the commencement of the cooperation between NASDAQ and Tencent, NASDAQ has projected Tencent Portfolio's advertisement on its huge screen on the NASDAQ MarketSite Tower in New York City.

At present, U.S stock trading data offered by China's portals and vertical financial websites are usually delayed by 15 minutes or are operated with BATS (Better Alternative Trading System), a small-sized e-trading platform based in the U.S. that only offers real-time data for a limited number of stocks sold on US exchanges. The lack of real-time data has put Chinese investors at a disadvantage when trading on the primary exchanges in the U.S. At a time when traders buy and sell stocks very quickly based on the latest news, delayed information could no longer satisfy Chinese investors' demands.

Currently, investment in U.S stocks is heating up, but none of the financial institutions in China have been able to provide free real-time U.S exchange quotes to Chinese investors. "We are elated to place real-time market data in the hands of tens of millions of investors in China," said Brian Hyndman, Senior Vice President, NASDAQ OMX Global Data Products, "With NASDAQ Last Sale, Tencent subscribers have instant access to the best-priced stock quotes and last sale data in all U.S.-listed securities, enabling them to be better informed when making trading decisions."

Tencent Portfolio, as the only authorized mobile application approved by NASDAQ, can now provide free access to real-time updates of U.S stock-trading information on both the iPhone and Android platforms. Tencent is a fast-moving company and today's announcement is expected to ignite a reshuffling of the industry. Tencent Portfolio will not only stand out from competing stock applications, but will also stimulate the industry to pay close attention to offering real-time equity data services.

The Vice President of Tencent Mobile Media Product Huang Hai said, "The real-time quote service offered by Tencent Portfolio will cover all stocks listed in the U.S. exchanges. Following the rollout of free real-time data for the Hong Kong exchanges, we are now doing the same for the U.S. Tencent Portfolio aims to provide a free service to investors that includes the latest and most precise stock quotes so they can accurately grasp the investment opportunity."

About Tencent

Tencent uses technology to enrich the lives of Internet users. Every day, hundreds of millions of people communicate, share experiences, consume information, seek entertainment, and shop online through our integrated platforms. Our diversified services include QQ, Weixin and WeChat for communications; Qzone for social networking; QQ Game Platform for online games; for information; as well as our eCommerce open platform. Our company was founded in Shenzhen in 1998 and went public on the Hong Kong Stock Exchange in 2004. We seek to evolve with the Internet by investing in innovation, providing a hospitable environment for our partners, and staying close to our users.

For more information, please visit

SOURCE Tencent

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs