Top 5 High Growth Stocks To Buy in 2021

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In this article we discuss the top 5 high growth stocks to buy in 2021. If you want to read our detailed analysis of the great stocks to buy this year, go directly to Top 10 High Growth Stocks To Buy in 2021.

5. Tencent Holdings Ltd. (OTC: TCEHY)

Tencent Holdings Ltd. (OTC: TCEHY) is a Shenzhen-based multinational technology firm specializing in internet-related services. It offers products in entertainment, artificial intelligence and other technologies. The company was founded in 1998 by a group of Chinese businessmen. American publication Bloomberg reports that Tencent is the largest video game vendor in the world. It operates a social network, a music service, a web portal, mobile and video gaming firms, as well as e-commerce and smartphone companies. 

Tencent has a market cap of $800 billion, making it one of the most valuable companies in the world. It posted a revenue of close to $74 billion in December 2020. Tencent shares have continued to hold steady even after the regulatory scare that has affected other Chinese firms. The stocks of the firm had a strong 2020, closing on a 32% year-over-year growth in value-added services. The online advertising witnessed a growth of 20%. The firm also posted 26% growth in the digital payments and business services section. Shares in the firm have high-growth potential this year.

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