Why Tencent (HKSE:0700.HK) chose the development path of social common wealth
Hong Kong / TickerInsider / August 20, 2021 / Tencent announced a $50 billion investment to launch the “Common Wealth Special Program” 3 days ago. The money will be invested in the basic livelihood areas of Chinese society. Just four months ago, Tencent proposed its “Sustainable Social Value Innovation” strategy, with the first $50 billion invested in basic science, carbon neutrality and other cutting-edge fields. Two $50 billion investments, one for the future and one for the present. Tencent, 0700.HK, 700HK —Tencent Holdings Limited (HKSE:0700.HK)Trade Date: 2021-08-19Open: $448.00, Close: $421.20, Low: $419.20, High: $450.80, Change: $-26.80Country: CN, Currency: HKD, Industry: Internet Content & Information, SectorCommunication Services——- As the core force of China’s Internet industry, what is Tencent doing this for? 11 years ago, Tencent was forced to adopt an open-door policy On November 20, 2010, China’s Ministry of Industry and Information Technology issued a circular criticizing the malicious competition between two companies, Tencent and 360. On the same day, Zhang Xiaolong led a small team of six or seven people to start developing a software called “Weixin” in a sm...
Kansai Halifax Holdings Releases Report on Tencent Increasing Stake in Commodity Start-up Xingsheng Youxuan
TORONTO, Jan 11, 2021 - (ACN Newswire) - Kansai Halifax Holdings have today released a research report on Tencent Holdings Ltd increasing its stake in Xingsheng Youxuan. The global technology conglomerate is investing $100 million in the Chinese online grocery startup, which is valued at around $5 billion."In addition to Tencent, Xingsheng Youxuan is also in talks with other potential investors including Beijing Kuaishou Technology Co. to raise more funding," said Jonathan Scott, Director of EMEA Wealth Management at Kansai Halifax Holdings.The capital injection from Tencent arrives as community buying platforms witness a boom in funding, and comes quickly after e-commerce giant JD.com Inc. acquired stock in the grocery delivery platform with their own $700 million investment.According to researchers at Kansai Halifax Holdings, the current funding round could precede an initial public offering (IPO), although specifics such as timing and listing exchange are yet to be confirmed.Changsha-based Xingsheng is one of several online group-buying apps that have popped up in China in recent years. These platforms enable individual consumers, families, local businesses, and households - typ...
Kidsland Collaborates with Tencent Video and Original Force to Unveil Live-Action Animation
HONG KONG, Dec 1, 2020 - (ACN Newswire) - Kidsland International Holdings Limited ("Kidsland" or the "Group"; stock code: 2122), the largest toy retailer and distributor in China, collaborates with Tencent Video and Original Force in investing, developing and operating "Secret Jewel in the Cave", which is a live-action animation, and represents the first season of "Monsters in the Forbidden City". Kidsland will be responsible for the licensing of toy and peripheral products from this animation. With massive traffic of Tencent Video, top notch creative and production capabilities of Original Force, as well as the comprehensive omnichannel sales system of Kidsland, this collaboration will integrate online and offline resources, to promote modern Chinese culture. It creates an innovative IP collaborative model first seen in China by combining investment, development and operation. This will bring new sources of revenue for Kidsland and improves the Group's profitability by introducing its own products.Kidsland collaborates with Tencent Video and Original Force in investing, developing and operating "Secret Jewel in the Cave", which is a live-action animation, and represents the first ...