I mean how does one actually value Tencent? It is a Chinese multinational technology conglomerate holding company. Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. Tencent breaks down its business revenue into three broad categories: 1) Value-added services (VAS)—which consist of the virtual goods the company offers, primarily online video games for smartphones and desktops, such as the hugely popular “Honour of Kings”—as well as the special avatars users can purchase in Tencent’s Qzone social network; 2) Fintech, Business Services, and Others: Mobile Payment Services (Weixin Pay/WeChat Pay), wealth management platform, Licaitong, WeBank, Cloud Services (Tencent Cloud) 3) Online advertising: Social and Other Advertising & Media Advertising. Tencent Stock Q4 2020 Earnings: What Investors Should...