Tencent Holdings Ltd (0700.HK)
22 Jul 2016
Fri, Jul 15 2016
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.
* New company valued at about $6 billion, according to source
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.
* 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
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.
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.
* 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)
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 .
* 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)
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.