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Tencent Holdings Ltd. (Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments.
Tencent reported its third-quarter results after market hours on Wednesday, revealing that it managed to grow revenue by 8% year over year in the period to over 167 billion yuan ($23.1 billion).
Shares of the Chinese tech conglomerate Tencent Holdings (OTC: TCEHY) traded roughly 3.3% higher, ... and urban investment growing at a slower pace than expected in August.
HONG KONG (Reuters) -China's Tencent Holdings said third-quarter revenue climbed 10%, as its games business rebounded from a regulatory crackdown on the country's tech sector and online ...
Below is a list of some of Tencent's biggest U.S. and international investments: UNITED STATES *Tesla Inc: Tencent bought 5% of the electric vehicle maker for $1.78 billion in 2017.
In August 2014, Fountainvest and CPP Investment Board acquired Key Safety Systems for $800 million. [21] [22] In February 2016, Fountainvest and its partners sold Key Safety Systems to Ningbo Joyson Electronic Corporation for $920 million. [23] In June 2016, Endeavor formed a joint venture in China with FountainVest, Sequoia Capital and Tencent ...
Tencent Holdings Ltd: Some original $20 million provided from Yale was invested in Tencent Holdings in 2005. It was Hillhouse's earliest investment and one of their most profitable. [9] JD.com: Hillhouse was an early investor in JD.com. At the time of the listing of JD.com on NASDAQ in May 2014, the company was valued at $26 billion.
HONG KONG (Reuters) -China's Tencent Holdings posted a weaker-than-expected 7% rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and said it was expecting to at least ...