Tencent
- Business
Tencent plans to divest Meituan stake worth $24 billion
Tencent seeks to kick off Meituan stake sale this year-sourcesSale seeks to placate regulators, monetise 8-year-old bet-sourcesStake sale likely to…
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China tells Alibaba, Tencent to open Platforms up to each other
China’s industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other’s…
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Over $560 billion wiped from China markets within a week as regulator clampdowns shatters confidence
China’s tech stocks slumped to new lows on Friday and Hong Kong’s benchmark index hit an almost 10-month trough, as…
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India’s education startup Byju’s is raising $1 Billion at about $15 billion valuation
The infusion that values India’s online-lessons platform at about $15 billion is among the largest recent capital increases in India.…
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Indian B2B e-commerce startup Udaan raises $280 million
Business-to-business marketplace Udaan has raised $280 million from new and existing investors as the Indian startup builds a war-chest to…
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Ant Group’s $35 billion IPO unlikely to be hurt by possible U.S. curbs.
Ant Group’s $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial…
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Tencent becomes latest Chinese firm to invest in Singapore with new Southeast Asia hub
Gaming giant Tencent Holdings Ltd said on Tuesday it would develop a regional hub for Southeast Asia in Singapore, opening…
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Tencent-backed real estate platform Beike aims to raise US$2 billion in New York IPO even as US tightens noose around WeChat
Tencent-backed KE Holdings is looking to raise US$2 billion in New YorkThe company plans to offer shares at US$17 to…
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Tencent to invest US$70 billion in new digital infrastructure, backing Beijing’s economic stimulus efforts
The five-year plan will have Tencent focus on fields that include cloud computing, artificial intelligence, blockchain technology and the Internet…
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