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Tencent Holdings
Deals, joint ventures & alliances
Synagie inks deal with China's Weimob to help Southeast Asian SMEs penetrate China's e-commerce market
SINGAPORE (June 10): Synagie Corporation, the e-commerce enabler, announced that it has signed an agreement with a wholly-owned subsidiary of Weimob to offer its integrated cross-border e-commerce and advertising solutions that will help SMEs in Southeast
June 10, 2019
Company in the news
Angry K-Pop fans spur probe into Sea
(June 7): The Philippines has begun an investigation into Sea Ltd. online mall Shopee after fans of K-pop girl group BlackPink complained it mishandled promotions around a meet-and-greet event.
June 07, 2019
Investing strategies
Tech companies, network effect, universal apps: Where the future and the past are different, yet similar
SINGAPORE (Apr 29): A significant portion of the value we have seen created in technology has been credited to the network effect (or positive feedback loop) associated with digital platforms. Think Facebook, Apple, Amazon.com, Google (owned by Alphabet),
April 29, 2019
China Focus
China wins allies for web vision in ideological battle with US
(Apr 15): A swathe of the world is adopting China’s vision for a tightly controlled internet over the unfettered American approach, a stunning ideological coup for Beijing that would have been unthinkable less than a decade ago.
April 15, 2019
Tencent-backed Sea to raise US$1.35 bil in US share sale
(Mar 6): Sea, operator of Southeast Asia’s biggest gaming platform, has raised US$1.35 billion ($1.83 billion) after increasing the size of a follow-on stock offering.
March 06, 2019
IPO
The world's top IPO venue for 2018 sees worst returns in decade
(Dec 19): Hong Kong is host to the world’s busiest venue for initial public offerings this year. And the worst losses in a decade.
December 19, 2018
Fintech
DBS CEO says fintech firms need more scrutiny by regulators
(Sept 6): Regulators need to increase their scrutiny of non-bank firms that are moving into the financial business, according to the chief executive officer of DBS Group Holdings, Southeast Asia’s largest lender.
September 06, 2018
IPO
China's Meituan Dianping sets HK IPO valuation at up to US$55 bil
(Sept 3): China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($10.48-$12.58) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to US$55 b
September 03, 2018
Results
Sea loss widens on investment in Shopee e-commerce platform
(Aug 22): Sea Ltd., operator of Southeast Asia’s biggest gaming platform, posted a wider quarterly loss as it invests in building up e-commerce platform Shopee.
August 22, 2018
Startups, Entrepreneurs, Digital economy
Chinese EV maker NIO takes on Tesla
(Aug 14): NIO Inc., the electric-car maker backed by technology giant Tencent Holdings, filed for a US$1.8 billion ($2.5 billion) initial public offering as it gears up to compete against the likes of Tesla Inc.
August 14, 2018