Tencent to transfer US$16.4 billion JD.com stake to shareholders

12:39am, Thursday, 23'rd Dec 2021 The Edge Markets
(Dec 23): Gaming and social media giant Tencent will distribute most of its JD.com stake worth HK$127.69 billion ($16.37 billion) to its shareholders, losing its title as the e-commerce firm''s top shareholder. Tencent said on Thursday it was the right time to transfer its stake given that JD.com has reached a stage it can self-finance its own growth. The owner of WeChat will see its stake fall to 2.3% from around 17%. JD.com, in a separate statement, said it would continue to work with Tencent, including on their strategic partnership agreement.

Tencent to distribute most of JD.com stake to shareholders

12:24am, Thursday, 23'rd Dec 2021 Channel NewsAsia
Shares of Alibaba Group Holding Limited (NYSE: BABA) and JD.Com Inc. (NASDAQ: JD) fell in Hong Kong on Thursday, while Tencent Holdings Inc. (OTC: TCEHY), Li Auto Inc. (NASDAQ: LI), Xpeng Inc. (NYSE:
Gaming and social media giant Tencent said on Thursday it would distribute most of its JD.com stake that it indirectly holds to its shareholders, essentially slashing its stake in the e-commerce firm.

Tencent: Take Advantage Of This Buying Opportunity

07:10am, Wednesday, 22'nd Dec 2021 Seeking Alpha
The report studies the Global Over The Top (OTT) Media Delivery Services Market with many aspects of the industry like the market size, market status, market trends, and forecast, the report also provides brief information of the competitors and the
NEW YORK, Dec. 21, 2021 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Goldman Sachs Group Inc. and Morgan Stanley on behalf of investors in Tencent Music Entertainment Group ("Tencent" or the "Company") (NYSE: TME). The class action, filed in

Tencent: Take Advantage Of This Buying Opportunity

02:10am, Wednesday, 22'nd Dec 2021
Tencent: Take Advantage Of This Buying Opportunity
NEW YORK, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Goldman Sachs Group Inc. (Goldman Sachs) and Morgan Stanley (Morgan Stanley) on behalf of purchasers of Tencent Music Entertainment Group ("Tencent" or "the Company") (NYSE: TME) American Depository Shares (ADS) between March 22, 2021 and March 29, 2021, inclusive (the Class Period). Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/tme .
JD.com, one of China’s largest ecommerce retailers, has launched a blockchain-backed platform to sell digital “collectibles” similar to non-fungible tokens (NFTs). Earlier this year, other Chinese tech companies, including Alibaba and Tencent, also jumped onto the NFT bandwagon, despite Beijing’s explicit disapproval of crypto assets. Last week, JD Technology, the ecommerce firm’s tech arm, quietly […] The post Huge Chinese internet bazaar JD.com gets into NFTs, sorry, “digital collectibles” appeared first on Verdict .
U.S.-listed Chinese companies have been under selling pressure ever since DiDi Global Inc. (NYSE: DIDI) announced plans to delist from the New York Stock Exchange. Fears that the rest of the bunch cou

8 mobile games surpass $1bn in global player spending this year

10:46am, Sunday, 19'th Dec 2021 The Siasat Daily
New Delhi: A record-breaking eight mobile games, including PUBG Mobile from Tencent, Honor of Kings from Tencent, and Genshin Impact from miHoYo, have generated more than $1 billion globally from the App Store and Google Play so far this year. PUBG Mobile, localized as Game For Peace in China and Battlegrounds Mobile in India, and Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
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8 mobile games surpass $1bn in global player spending this yr

10:06am, Sunday, 19'th Dec 2021 Buziness Bytes
New Delhi, Dec 19 (IANS) A record-breaking eight mobile games, including PUBG Mobile from Tencent, Honor of Kings from Tencent, and Genshin Impact from miHoYo, have generated more than $1 billion globally from the App Store and Google Play so far this year. PUBG Mobile, localized as Game For Peace in China and Battlegrounds Mobile [] The post 8 mobile games surpass $1bn in global player spending this yr appeared first on Buziness Bytes .

Death of young genius Tencent programmer shocks Chinas gaming industry

02:00am, Sunday, 19'th Dec 2021 South China Morning Post
The sudden death of a young programmer at Chinese internet giant Tencent Holdings, regarded as a genius and one of the countrys best hopes in making world-class video games, has sent shock waves across the industry.Shenzhen-based Tencent confirmed on Wednesday the passing of 30-year-old Mao Xingyun, a lead engine programmer at Tencent Games, after news of his death spread across the internet.It is with deepest sorrow that we confirm that Mao Xingyun, a member of TiMi F1 Studio, died
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