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Last $19.97 USD
Change Today -0.0769 / -0.38%
Volume 419.4K
TCEHY On Other Exchanges
Hong Kong
As of 5:20 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

tencent holdings ltd-uns adr (TCEHY) Key Developments

CNPC and Tencent Sign Strategic Cooperation Agreement

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

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

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.

Guizhou Bailing Group Pharmaceutical Co., Ltd. and Tencent Holdings Team Up for Online Medical Service of Chronic Diseases

Guizhou Bailing Group Pharmaceutical Co. Ltd. and Tencent Holdings have reached cooperation for online medical service of chronic diseases, making full use of rich user data, mature cloud computing capacity, strong social networking platform and media platform of Tencent Holdings to bolster up application, information management and medical service of chronic diseases. Both sides will team up for long term, with Guizhou Bailing Group taking charge of developing, making and testing drugs for chronic diseases, offering medical instruments and distance medical consultancy, management and diagnosis service.

Uber Reportedly Teaming Up To Pursue Nokia's Maps Unit

Uber Technologies, Inc. is teaming up with Apax Partners LLP and Baidu, Inc. (NasdaqGS:BIDU) to bid for Nokia Corporation (HLSE:NOK1V)'s Maps unit which could fetch up to $4 Billion. Tencent Holdings Limited (SEHK:700), NavInfo Co., Ltd. (SZSE:002405) and EQT Partners AB may also bid for the unit.


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