tencent holdings ltd (TCTZF) Key Developments
China Petroleum To Sell 30% Stake To 25 Investors
Sep 15 14
China Petroleum & Chemical Corp. (SEHK:386) agreed to sell 29.9% stake in retail business to a consortium of 25 investors for around $17.4 billion., according to a Hong Kong Stock Exchange announcement filed on September 14, 2014. Investors who are expected to buy a stake include China Cinda Asset Management Co., Ltd. (SEHK:1359), China Life Insurance Co. Ltd. (SEHK:2628), Tencent Holdings Ltd. (SEHK:700), The People’s Insurance Company (Group) of China Limited (SEHK:1339), ENN Energy Holdings Limited (SEHK:2688), Haier Electronics Group Co., Ltd. (SEHK:1169), RRJ Capital, Fosun International Limited (SEHK:656), Bank of China Limited (SEHK:3988), CITIC Securities Company Limited (SHSE:600030), China Huiyuan Juice Group Limited (SEHK:1886). Investors appear to have been unimpressed by news and shares in Sinopec closed down about 6.8% in Hong Kong on September 15, 2014.
OUYA Reportedly In Talks With Buyers
Sep 3 14
OUYA, Inc. is in discussions with dozens of buyers regarding a possible sale, foreign media reported citing people with knowledge on the matter. OUYA is known to have have held discussions with Beijing Xiaomi Technology Co., Ltd., Tencent Holdings Ltd. (SEHK:700), Google Inc. (NasdaqGS:GOOGL) and Amazon.com Inc. (NasdaqGS:AMZN). The buyers are interested in OUYA’s talent instead of hardware equipment.
Dalian Wanda Group Co., Ltd. Forms E-Commerce Joint Venture with Tencent Holdings Limited and Baidu, Inc
Sep 1 14
Dalian Wanda Group Co. Ltd. is planning to form an e-commerce joint venture (JV) with Tencent Holdings Limited and Baidu, Inc. All the entities are based in China. Under the terms of the transaction, Dalian Wanda will hold a 70% stake, while Tencent Holdings and Baidu will hold 15% stake each in the JV. The JV will be valued at CNY 5,000 million ($813 million).
Baidu, Tencent and Wanda Announce e-Commerce Venture
Aug 29 14
Wanda Group, and Baidu and Tencent unveiled a new e-commerce venture in a challenge to Alibaba Group. The three companies said they will integrate online and offline selling, with e-commerce services in Wanda's 107 shopping malls, as well as its hotels and resorts. They said they would invest CNY 5 billion ($814 million) to start.
Shanda Denies Being Acquired By Tencent
Aug 27 14
Shanda Games Limited (NasdaqGS:GAME) has denied that Tencent Holdings Ltd. (SEHK:700) is to spend $6 billion for acquiring Shanda. Tencent declined to comment.