tencent holdings ltd (TCTZF) Key Developments
Uber Reportedly Teaming Up To Pursue Nokia's Maps Unit
May 18 15
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.
Tencent Presents at 6th Annual dbAccess Asia Conference 2015, May-19-2015 11:00 AM
May 15 15
Tencent Presents at 6th Annual dbAccess Asia Conference 2015, May-19-2015 11:00 AM. Venue: Marina Bay Sands Resort and Casino, 10 Bayfront Avenue, Singapore 018956, Singapore.
Tencent Holdings Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 13 15
Tencent Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were RMB 22,399 million against RMB 18,400 million a year ago. Operating profit was RMB 9,372 million against RMB 7,790 million a year ago. Profit before income tax was RMB 8,629 million against RMB 7,596 million a year ago. Profit attributable to equity holders of the company was RMB 6,883 million against RMB 6,457 million a year ago. Non-GAAP profit attributable to equity holders of the company was RMB 7,053 million against RMB 5,194 million a year ago. Non-GAAP EPS diluted was RMB 0.752 against RMB 0.555 a year ago. EBITDA was RMB 9,945 million against RMB 6,787 million a year ago. Adjusted EBITDA was RMB 10,506 million against RMB 7,121 million a year ago. Capital expenditures were RMB 1,332 million against RMB 1,138 million a year ago. Net cash flows generated from operating activities was RMB 9,688 million against RMB 6,574 million a year ago.
Nokia'Here Reportedly Acquired By Facebook
May 4 15
One of the companies in the frame as a potential buyer of Nokia Corporation (HLSE:NOK1V)'s Here mapping division has quietly inked a deal with the Finnish company to power mobile maps. Facebook, Inc. (NasdaqGS:FB) is now using Here maps for its mobile web version. Besides Facebook, sources tell us that other possible buyers for Nokia Here include Apple Inc. (NasdaqGS:AAPL), a car consortium, Samsung C&T Corporation (KOSE:A000830), Uber Technologies, Inc., Baidu, Inc. (NasdaqGS:BIDU), Alibaba Group Holding Limited (NYSE:BABA), Tencent Holdings Limited (SEHK:700) and Yahoo! Inc. (NasdaqGS:YHOO). The news of the new Facebook/Nokia mapping partnership was not announced by either company, but contacted for comment, both confirmed the basic details to us: “We are testing Nokia HERE maps across Facebook to give us more control and flexibility in delivering a consistent maps experience,” a Facebook spokesperson confirmed to TechCrunch by email.
Bank of Beijing to Extend CNY 10 Billion Credit Line to Tencent Holdings Limited
Apr 30 15
Bank of Beijing has entered into a strategic cooperation agreement with Tencent Holdings. Under the agreement, Bank of Beijing will extend a sum of CNY 10 billion credit line to Tencent Holdings Limited to help the firm better compete in online finance with rival Alibaba. The partnership will focus on the bank's Jingyitong initiative which will allow customers to use chip-enabled cards at hospitals to obtain medical care and pay small medical fees via Tencent's instant messaging mobile application WeChat.