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Tencent Holdings Ltd (0700.HK)

0700.HK on Hong Kong Stock

185.20HKD
22 Jul 2016
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Fri, Jul 15 2016

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Tencent in deal with China's leading music streaming firm to combine music services

HONG KONG Chinese internet giant Tencent Holdings Ltd will take a majority stake in a new venture with leading music-streaming company China Music Corporation that combines their digital music businesses. Financial terms were not disclosed but a person with knowledge of the matter said the new company would be valued at about $6 billion. The person declined to be identified as the information has not been made public.

UPDATE 1-Tencent in deal with China's leading music streaming firm to combine music services

* New company valued at about $6 billion, according to source

Tencent merges with China Music Corp to develop digital music

HONG KONG, July 15 Chinese Internet giant Tencent Holdings Ltd announced on Friday a strategic merger with China's leading music-streaming company China Music Corporation to develop the digital music business in China.

BRIEF-Tencent holdings has agreed to acquire controlling stake China Music- WSJ,citing sources

* Tencent Holdings Ltd has agreed to acquire controlling stake China Music Corp in a deal that values the firm at $2.7 Billion- WSJ,citing sources

Tencent-backed automaker plans to launch self-driving, electric car before 2020 - CEO

BEIJING, July 12 An automotive venture backed by China tech giant Tencent aims to launch an electric self-driving car before 2020, the chief executive told Reuters on Tuesday.

In up-to-$10 bln IPO, China's PSBC eyes ticket to online financial services boom

HONG KONG, July 6 As part of plans for an up-to-$10 billion initial public offering, Postal Savings Bank of China (PSBC) aims to transform itself from a brick-and-mortar lender into a digital player, helped by its investors Ant Financial and Tencent Holdings.

BRIEF-Tencent Holdings posts 7.8 pct stake in Bitauto Holdings as of June 17 - SEC Filing

* Tencent Holdings Limited reports 7.8 pct stake in Bitauto Holdings as of June 17, 2016- SEC Filing Source text for Eikon: (http://1.usa.gov/28Zx7jj) Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

South Africa's Naspers posts 18 rise in full-year profit

JOHANNESBURG, June 24 South African e-commerce and media group Naspers reported an 18 percent rise in full-year profit on Friday, lifted by growth its Internet business, which includes a stake in China's Tencent Holdings .

BRIEF-Tencent Holdings reports 5.023 pct passive stake in Activision Blizzard

* Tencent Holdings Limited reports 5.023 pct passive stake in Activision Blizzard Inc as of June 13, 2016 - sec filing Source text for Eikon: (http://1.usa.gov/28RMkow) Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

China's Tencent buys 'Clash of Clans' maker Supercell for $8.6 billion

BEIJING/HELSINKI/TOKYO China's biggest gaming group Tencent Holdings Ltd is to buy a majority stake in 'Clash of Clans' mobile game maker Supercell from SoftBank Group Corp in a deal valued at roughly $8.6 billion.

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