#tencent

3:36am, 16th June, 2020

Exclusive: Tencent aims to become biggest shareholder of video streaming rival iQIYI - sources

Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc , said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies.

China's Tencent Music reports passive stake in Warner Music

1:35pm, 12th June, 2020

News

China's Tencent Music reports passive stake in Warner Music

China's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp, about a week after the world's third-largest recording label's debut on the Nasdaq.

Tencent in talks to buy Warner Music stake: WSJ

2:02pm, 29th May, 2020

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Tencent in talks to buy Warner Music stake: WSJ

Chinese internet giant Tencent Holdings Ltd is in talks to invest $200 million in Warner Music Group, ahead of the record company's slated initial public offering next week, the Wall Street Journal reported https://www.wsj.com/articles/tencent-in-tal...

Tencent raises $6 billion in largest Asian corporate debt deal this year

12:14am, 28th May, 2020

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Tencent raises $6 billion in largest Asian corporate debt deal this year

Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it raised $6 billion in a U.S. dollar bond sale - the largest debt deal by an Asian corporate in 2020.

Japan's Marvelous shares untraded as China's Tencent takes 20% stake

11:59pm, 25th May, 2020

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Japan's Marvelous shares untraded as China's Tencent takes 20% stake

Shares in Japanese games maker Marvelous Inc were untraded with a glut of buy orders on Tuesday and looked set to close up at the daily trading limit of 17% after announcing China's Tencent Holdings Ltd would take a 20% stake.

China's Tencent reaps revenue of lockdown gaming boom

7:43am, 13th May, 2020

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China's Tencent reaps revenue of lockdown gaming boom

High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings' first-quarter revenue and profits, with blockbuster games PlayerUnknown's Battlegrounds Mobile and Honor of Kings helping it beats forecasts.

Tencent Music misses quarterly revenue estimates, signals better second quarter

12:15am, 12th May, 2020

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Tencent Music misses quarterly revenue estimates, signals better second quarter

China's Tencent Music Entertainment narrowly missed market estimates for quarterly revenue on Monday as the COVID-19 crisis hurt the company's social entertainment services business, sending its shares down 4.5% in extended trade overnight.

Tencent Cloud seeks partners in South Korea, Southeast Asia for overseas expansion

3:53am, 2nd August, 2019

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Tencent Cloud seeks partners in South Korea, Southeast Asia for overseas expansion

China's Tencent Holdings is scouting for partners in South Korea and Southeast Asia to offer cloud-based games, after entering the Japanese market last month.

Tencent first quarter profit beats estimates as FinTech trumps mobile gaming

5:07am, 15th May, 2019

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Tencent first quarter profit beats estimates as FinTech trumps mobile gaming

Tencent Holdings Ltd booked a 17% profit rise for the three months ended March, and revealed it made more revenue from FinTech and business services than smartphones games for the first time as it bore the brunt of regulatory setbacks in its mainstay...

Tencent's PUBG replacement "Game for Peace" rakes in $14 million in 72 hours

4:52am, 13th May, 2019

News

Tencent's PUBG replacement "Game for Peace" rakes in $14 million in 72 hours

Tencent Holdings Ltd's alternative to its video game "PlayerUnknown's Battlegrounds" (PUBG) in China became the world's top-grossing mobile battle royale title on Apple's iOS app store in the first 72 hours of its launch, research...