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Tencent Holdings News
Tencent eyes WeChat to banish travel papers for trips between Hong Kong and China
Wed, Jun 06, 2018
The messenger-to-payment WeChat app now has more than 1 billion users, most of them in mainland China. Although the government of Hong Kong, a former British colony that returned to Chinese rule in 1997, gave no immediate response on whether it might consider the proposal, its leader Carrie Lam participated in a WeChat scanner demonstration.
Flipkart sale may be a snap deal for Walmart; here is how
Fri, Apr 13, 2018
A deal with Flipkart would step up Walmart’s battle with Amazon.com for a bigger share of India’s fledgeling e-commerce market, which Morgan Stanley estimates will be worth $200 billion in a decade. As per media reports, Amazon is exploring a possible counter offer for Flipkart.
Google, Tencent, Sequoia China join $15 million funding for pharma startup XtalPi
Wed, Jan 24, 2018
Sequoia led the round, bringing the startup`s total funding amount to $20 million
Google announces patent agreement with Tencent amid China push
Fri, Jan 19, 2018
The US technology company has signed similar agreements before with Samsung Electronics, LG Electronics and Cisco Systems Inc, but the deal with Tencent is a first with a large Chinese tech firm.
Tencent on global path as it surpasses Facebook in valuation
Tue, Nov 21, 2017
Shenzhen-based Tencent has made a "breakthrough" in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next year
Russia blocks China's social media app WeChat: Report
Sat, May 06, 2017
Russia's regulator Roskomnadzor has blocked China's social media app WeChat developed by Tencent Holdings.
Flipkart to invest in new businesses like PhonePe, Fintech
Wed, Apr 12, 2017
Flipkart co-founder and CEO Binny Bansal in his latest interview has said the company proposes to invest large sum of money raised through its recently concluded fundraising round into new businesses such as PhonePe and Fintech.
Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal
Tue, Apr 11, 2017
Flipkart on Monday raised $500 million from eBay as it invested in the company and sold its Indian unit to the Indian e-commerce company.
HSBC plans to add about 1,000 new employees to China unit in 2017, mostly in Pearl River Delta
Fri, Mar 24, 2017
HSBC has plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm in 2017 with most of them in the Pearl River Delta.
Flipkart raises $1 billion, tries hard to sustain its over-valuation
Tue, Mar 21, 2017
Recently, Morgan Stanley Institutional Fund Trust – a mutual fund arm of Morgan Stanley revised value of its each share in Flipkart at $50.51 per share as of December 2016, down 3.10% from $52.13 per share of September 2016.
Flipkart in discussions with Microsoft, Tencent Holdings, eBay, others to raise $1.5 billion funding
Wed, Feb 22, 2017
Flipkart is in talks with Microsoft, Tencent Holdings, eBay and PayPal Holdings to raise $1.5 billion at a valuation of $10-12 billion.
Online healthcare platform Practo raises $55 million in fresh funding
Tue, Jan 17, 2017
Indian online healthcare platform Practo said on Tuesday it had raised $55 million (nearly Rs 365.90 crore) from new and existing investors in a fresh round of funding led by China`s Tencent Holdings.
Taiwan's Foxconn invests $120 million in Chinese ride-hailing start-up Didi Chuxing
Thu, Sep 08, 2016
Taiwan's Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world`s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion.