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Tencent Holdings Ltd (0700.HK)

0700.HK on Hong Kong Stock

316.80HKD
12 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Tencent Music Prices IPO At $13 Per ADS, At Low End Of Range - WSJ, Citing Source
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - :TENCENT MUSIC PRICES IPO AT $13 PER ADS, AT LOW END OF RANGE - WSJ, CITING SOURCE.  Full Article

Tencent Music Entertainment Group Sees U.S IPO Of 82 Million ADS
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Tencent Music Entertainment Group::TENCENT MUSIC ENTERTAINMENT GROUP SEES U.S IPO OF 82 MILLION AMERICAN DEPOSITARY SHARES.TENCENT MUSIC ENTERTAINMENT GROUP - CURRENTLY ESTIMATED THAT IPO PRICE PER ADS WILL BE BETWEEN US$13.00 AND US$15.00.TENCENT MUSIC ENTERTAINMENT GROUP - CURRENTLY ESTIMATED THAT INITIAL PUBLIC OFFERING PRICE PER ADS WILL BE BETWEEN US$13.00 AND US$15.00.TENCENT MUSIC ENTERTAINMENT GROUP - BEEN APPROVED FOR LISTING THE ADSS ON THE NEW YORK STOCK EXCHANGE UNDER THE SYMBOL “TME.” -SEC FILING.TENCENT MUSIC ENTERTAINMENT GROUP - EACH ADS REPRESENTS TWO OF CO'S CLASS A ORDINARY SHARES.TENCENT MUSIC ENTERTAINMENT GROUP - CO IS OFFERING 41.03 MILLION ADSS.TENCENT MUSIC ENTERTAINMENT GROUP - SELLING SHAREHOLDERS ARE OFFERING ADDITIONAL 40.97 MILLION ADSS.  Full Article

Invigor Group and Winning Group Holdings Secures Rights To Deploy Wechat Pay Into Japan
Tuesday, 27 Nov 2018 

Nov 28 (Reuters) - Invigor Group Ltd ::CO TOGETHER WITH WINNING GROUP HOLDINGS SECURED RIGHTS TO DEPLOY WECHAT PAY INTO JAPAN.  Full Article

Tencent To Team With Chat App Operator Line For Mobile Payment Services - Nikkei
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Nikkei::TENCENT HOLDINGS WILL TEAM WITH TOKYO-BASED CHAT APP OPERATOR LINE TO OFFER MOBILE PAYMENT SERVICES FOR SMALL JAPANESE RETAILERS - NIKKEI.LINE TO LEASE TERMINALS COMPATIBLE WITH WECHAT PAY FROM AROUND MID-DEC, TO SMALL, MIDSIZE RESTAURANTS, STORES YET TO ADOPT LINE PAY OFFERING - NIKKEI.LINE'S SERVICE WITH TENCENT IS SCHEDULED TO START NEXT YEAR - NIKKEI.  Full Article

Sea Ltd, Tencent Enter Into Long-Term Publishing Partnership
Monday, 19 Nov 2018 

Nov 18 (Reuters) - Sea Ltd :SEA AND TENCENT ENTER INTO LONG-TERM PUBLISHING PARTNERSHIP.GARENA, CO'S DIGITAL ENTERTAINMENT ARM, AND AN AFFILIATE OF TENCENT HAVE SIGNED BINDING LETTER OF INTENT.TENCENT WILL GRANT GARENA RIGHT OF FIRST REFUSAL TO PUBLISH TENCENT'S MOBILE AND PC GAMES IN INDONESIA, TAIWAN, THAILAND, PHILIPPINES, MALAYSIA, SINGAPORE.  Full Article

DBS Group And Go-Jek Enter Regional Strategic Partnership
Monday, 12 Nov 2018 

Nov 12 (Reuters) - DBS GROUP HOLDINGS ::DBS AND GO-JEK ENTER REGIONAL STRATEGIC PARTNERSHIP.PARTNERSHIP WILL SEE DBS AND GO-JEK COOPERATE ON PAYMENT SERVICES AHEAD OF GO-JEK'S ARRIVAL IN SINGAPORE.  Full Article

Mogu Inc Files For U.S. IPO Of Up To $200 Mln
Friday, 9 Nov 2018 

Nov 9 (Reuters) - MOGU Inc::MOGU INC FILES FOR U.S. IPO OF UP TO $200 MILLION – SEC FILING.MOGU INC SAYS IT INTENDS TO APPLY TO HAVE ITS ADS LISTED ON NEW YORK STOCK EXCHANGE UNDER THE SYMBOL "MOGU".MOGU INC SAYS MORGAN STANLEY, CREDIT SUISSE, CHINA RENAISSANCE ARE AMONG UNDERWRITERS TO IPO.MOGU INC SAYS PROPOSED IPO PRICE IS AN ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE.MOGU INC - PRINCIPAL SHAREHOLDERS INCLUDE ENTITIES AFFILIATED WITH TENCENT, WHICH OWN 18 PERCENT ORDINARY SHARES PRIOR TO OFFERING.MOGU INC - PRINCIPAL SHAREHOLDERS ALSO INCLUDE ENTITIES AFFILIATED WITH HILLHOUSE, WHICH OWN 10.2 PERCENT ORDINARY SHARES PRIOR TO OFFERING.MOGU INC - UPON THE COMPLETION OF IPO, CEO QI CHEN TO BENEFICIALLY OWN ALL ISSUED CLASS B ORDINARY SHARES.  Full Article

Tencent Is Investing A Further $250 Mln In Yuanfudao At A Valuation Of $2.8 Bln- The Information
Friday, 2 Nov 2018 

Nov 2 (Reuters) - :TENCENT IS INVESTING A FURTHER $250 MILLION IN ONLINE EDUCATION STARTUP YUANFUDAO AT A VALUATION OF $2.8 BILLION- THE INFORMATION.  Full Article

Spotify Technology S.A. reports Q3 results
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Spotify Technology Sa ::SPOTIFY TECHNOLOGY S.A. ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2018.SEES Q4 REVENUE EUR 1.35 BILLION TO EUR 1.55 BILLION.SEES Q4 REVENUE UP 18 TO 35 PERCENT.Q3 REVENUE EUR 1.352 BILLION VERSUS I/B/E/S VIEW EUR 1.34 BILLION.ANNOUNCED A PARTNERSHIP WITH GOOGLE.SPOTIFY WILL OFFER GOOGLE HOME MINI SPEAKERS TO FAMILY PLAN MASTER ACCOUNT HOLDERS IN U.S. DURING HOLIDAY SEASON.STARTING JANUARY 1, 2019, WILL BE ADOPTING NEW LEASING STANDARD AS DICTATED BY IFRS 16.ANTICIPATE GOOGLE PARTNERSHIP TO HAVE ADVERSE IMPACT OF ABOUT 50 BPS ON GROSS MARGIN PROFILE IN Q4.SEES NEGATIVE IMPACT OF ABOUT EUR 20 MILLION FROM FOREIGN EXCHANGE RATES ON Q4 REVENUE.AT END OF QUARTER, HELD EUR 1.8 BILLION IN CASH AND CASH EQUIVALENTS, RESTRICTED CASH, AND SHORT TERM INVESTMENTS.VALUE OF CO'S INVESTMENT IN TENCENT MUSIC ENTERTAINMENT GROUP IS HELD AT A PRICE PER SHARE OF $6.52.GENERATED EUR 80 MILLION IN NET CASH FLOWS FROM OPERATING ACTIVITIES AND €33 MILLION IN FREE CASH FLOW IN Q3.AT QUARTER-END, RESEARCH AND DEVELOPMENT CONTINUES TO MAKE UP GREATEST SHARE OF HIRING, ACCOUNTING FOR MORE THAN 40% OF HEADCOUNT ADDITIONS."INTEND TO ACCELERATE PACE OF INVESTMENT IN RESEARCH AND DEVELOPMENT AND CONTENT IN 2019".DEMAND IN US REMAINS STRONG AND IS EXPECTED TO OUTSTRIP CO'S AVAILABLE INVENTORY IN Q4.OPERATING EXPENSES TOTALED €348 MILLION IN Q3, RESULTING IN TOTAL OPERATING LOSS OF €6 MILLION FOR QUARTER.  Full Article

Epic Games Says Received Investment Of About $1.25 Bln From KKR, Others
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Epic Games: :EPIC GAMES - RECEIVED INVESTMENT OF ABOUT $1.25 BILLION FROM KKR, ICONIQ CAPITAL, SMASH VENTURES, AXIOMATIC, VULCAN CAPITAL, KLEINER PERKINS, OTHERS.EPIC GAMES, CREATORS OF FORTNITE, - TENCENT, DISNEY & ENDEAVOR ARE MINORITY SHAREHOLDERS IN CO, WHICH CONTINUES TO BE CONTROLLED BY CEO, TIM SWEENEY.  Full Article

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China's Tencent Music raises nearly $1.1 billion in U.S. IPO

NEW YORK/HONG KONG China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range. | Video