tencent holdings ltd-uns adr (TCEHY) Key Developments
Foxconn, Tencent and China Harmony Auto Announce New Joint Venture
Jul 21 15
Foxconn, Tencent and China Harmony Auto recently signed an agreement to set up a joint venture in Zhengzhou, the capital city of China's Henan province. The new venture will mainly invest in smart electric vehicles and related internet projects. Foxconn and Tencent will each hold a 30% stake in the new venture, while China Harmony Auto will take the remaining 40% interest.
Tencent to Issue USD 10 Million Global Medium-Term Notes
Jul 9 15
Tencent announced that it will issue USD 100 million global medium-term notes on July 15, 2015 and trade the notes on the Stock Exchange of Hong Kong, with annual interest rate of 4.7%. The notes will expire on July 15, 2035. The interests will be paid in the US dollar once every half a year from January 15, 2016.
CNPC and Tencent Sign Strategic Cooperation Agreement
Jun 12 15
CNPC signed a strategic cooperation agreement with Tencent in Beijing on June 10 and as agreed, both sides will do their best to enter into a long-term and all-round strategic partnership, boosting business growth, product innovation as well as industrial upgrade and expanding channels to communicate with clients on strategic resources, premium channels and core ability. They will look for cooperation in business development & promotion, mobile payment, Internet finance, medial, O2O business, map navigation, medical, tourism, group buying, client loyalty management, cloud service, big data and joint marketing.
NavInfo Eyeing HERE
Jun 2 15
NavInfo Co., Ltd. (SZSE:002405) is said to be interested in acquiring HERE Holding Corporation. NavInfo declared that the Board has agreed for the top management to evaluate HERE to decide whether to participate in bidding the latter. Other bidders included AUDI AG (DB:NSU), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), Mercedes-Benz Automobil AG, Uber Technologies, Inc., Baidu, Inc. (NasdaqGS:BIDU), Tencent Holdings Limited (SEHK:700), Microsoft Corporation (NasdaqGS:MSFT), Apax Partners LLP, Silver Lake, Hellman & Friedman LLC, Thoma Bravo, LLC, and EQT Partners AB. Nokia Corporation (HLSE:NOK1V) Chief Executive Officer said that HERE will be sold for reasonable prices.
Skyworth, Tencent and iCNTV Sign Strategic Cooperation Agreement
May 29 15
Skyworth, Tencent and iCNTV signed a strategic cooperation agreement to build a Geek Life ecosystem to lead the Chinese TV field's Internet + strategy towards depth. This cross-border cooperation will focus on the operation of product contents. Around video, music, games and other fields, Skyworth will build three content operation platforms, GeekoMax, GeekoBox and GeekoPod, set up four special areas in GeekoMax, including 4K, Hollywood, children and human culture, introduce into and manage Tencent's copyrighted video resources through China's future TV operation-based Internet TV integrated broadcast and control platform, join hands with Tencent to launch TV-used Tencent games, QQ Album, QQ Music and other application software and combine Tencent's social function and TV.