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Tencent Holdings Ltd (0700.HK)

0700.HK on Hong Kong Stock

26 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Tencent Holdings intends to spin-off China Literature
Friday, 30 Jun 2017 08:23am EDT 

June 30 (Reuters) - Tencent Holdings Ltd <0700.HK>::Company intends to spin-off China Literature by way of a separate listing of China Literature shares on main board of stock exchange.‍China Literature, through its joint sponsors, submitted a listing application form to stock exchange​.Upon completion of proposed spin-off, company will indirectly hold not less than 50% of shareholdings in China Literature.It is currently proposed that proposed spin-off will be effected by way of global offering of China Literature shares​.  Full Article

China United Network Communications clarifies media reports on share issue, strategic investors
Monday, 26 Jun 2017 08:09am EDT 

June 26 (Reuters) - China United Network Communications Ltd <600050.SS>:Says clarifies media reports related to Alibaba <<>> and Tencent <<<0700.HK>>>.Says plans on share private placement issue still not finalised.Says controlling shareholder to use company as platform to bring in strategic investors via share private placement plan.  Full Article

GDS Holdings signs strategic partnership agreement with Tencent Cloud
Tuesday, 20 Jun 2017 08:25am EDT 

June 20 (Reuters) - Gds Holdings Ltd :Gds holdings limited signs strategic partnership agreement with tencent cloud.Gds holdings ltd - signed a strategic partnership agreement with tencent cloud computing llc.Gds holdings ltd - parties will also work closely on cloud computing and related professional solution services.Gds holdings - gds to provide tencent cloud with secured, continuous data center resources to facilitate any incremental demand from tencent cloud.  Full Article

21Vianet Group says partnered with Microsoft and Tencent to launch Microsoft office online
Friday, 19 May 2017 08:00am EDT 

May 19 (Reuters) - 21vianet Group Inc ::Says announced that it has partnered with Microsoft and Tencent to launch Microsoft office online.  Full Article

Perfect Shape Beauty Technology updates on disposal of 235,000 Tencent shares
Wednesday, 17 May 2017 08:09am EDT 

May 17 (Reuters) - Perfect Shape Beauty Technology Ltd <1830.HK>:Disposed on-market of total of 235,000 Tencent shares at average price of HK$260.1 per Tencent share.Gross sale proceeds from disposal of about HK$61.1 million.As a result of disposal, comapny is expected to recognize an aggregate gain of approximately HK$10 million.  Full Article

Tencent says qtrly net profit rose 58 pct
Wednesday, 17 May 2017 05:00am EDT 

May 17 (Reuters) - Tencent Holdings Ltd <0700.HK>:qtrly net profit rmb 14,476 million versus rmb 9,183 million a year ago.as at March 31, combined MAU for Weixin and Wechat was 937.8 million versus 762.4 million a year ago.q1 revenues rmb 49,552 million versus rmb 31,995 million.qtrly revenue from online advertising rmb 6,888 million versus rmb 4,701 million.  Full Article

Universal Music Group, Tencent Music enter into agreement to expand Chinese music market
Tuesday, 16 May 2017 05:03am EDT 

May 16 (Reuters) - Universal Music Group-:Universal Music Group and Tencent Music Entertainment Group enter into strategic agreement significantly expanding chinese music market.Under terms, TME to distribute music from UMG's record labels and global recording stars on its streaming platforms .TME will also be co's master distribution and licensing partner to exclusively sub-license co's content to third-party music service providers in China.  Full Article

Yixin announces strategic investments
Thursday, 11 May 2017 08:12am EDT 

May 11 (Reuters) - Tencent Holdings Ltd <0700.HK>:Yixin capital limited-group of strategic investors entered into agreements pursuant to which they agreed to make investments in co of up to rmb 4 billion.Yixin capital limited says strategic investors include tencent, bitauto, china orient amc international, and sf express founder wei wang.Yixin capital limited - after close of transaction, bitauto will hold over 48 percent of yixin's outstanding share capital.Yixin capital limited - will change its name to yixin group limited.  Full Article

58.com announces agreement to raise $200 mln from Tencent
Monday, 17 Apr 2017 09:43pm EDT 

April 17 (Reuters) - 58.Com Inc :58.com announces agreement to raise US$200 million from Tencent for development of used goods trading platform Zhuan Zhuan.Tencent will invest US$200 million in cash and additional business resources into new business group for a minority equity ownership.58.com will continue its direct traffic and other business support to Zhuan Zhuan entities.  Full Article

Tencent Holdings Ltd reports 5 pct passive stake in Tesla Inc
Tuesday, 28 Mar 2017 07:19am EDT 

Tencent Holdings Ltd <0700.HK>:Tencent Holdings Ltd reports 5 percent passive stake in Tesla Inc as on March 24, 2017.  Full Article

Tencent-backed Meituan-Dianping plans aggressive investment in offline retail

BEIJING China's largest provider of on-demand services Meituan-Dianping, backed by Tencent Holdings Group Ltd , said it planned to invest heavily in offline retail services in a strategy that will pitch it directly against China's top e-commerce firms.