Tencent Q2 Results
August 15th, Tencent (00700.HK) released unaudited Q2 and interim results for the periods ended June 30th 2018. Tencent received a revenue of RMB73.675 billion in Q2, up by 30%, among which RMB17.867 billion is attributable to shareholders of the Company.
Tencent Data Loss
August 8th, Tencent recovered from cloud data failure. According to its investigation, the error was caused by incorrect handling during data migration.
Tencent Q4 Results
Mar 21st, Tencent released results for Q4 2017, during which the Company recorded a revenue of RMB66.392 billion, up by 51%, a profit of RMB20.797 billion, up by 98%.
Tencent to Invest in Carrefour
Jan 23rd, Carrefour (CA.FR) has reached into equity investment agreement with Tencent (0700.HK) and Yonghui (601933.SH). Details of the deal remains unknown, but Carrefour will still be the biggest holder of Carrefour China after the deal.
China Unicom Board Include Members from Private Sector
State-owned telecommunication giant, China Unicom has issued announcement that its Board has expanded from 7 members to 13. Among the 8 non-independent Directors, 4 are from private sector, namly Baidu, Alibaba, Tencent and JD.
Tencent Invest in Yonghui SuperStores
Dec 11th, Chinese super market company Yonghui SuperStores released announcement stating that Tencent is to acquire 5% equity of Yonghui. This is another move by Tencent in off-line commerce.
Tencent has released announcement that the Company is to issue 17.87 million new shares for an incentive scheme covering 10,800 employees. Based on Tencent’s 31,000 employees on the pay roll, about 34% of them will be receiving shares of the Company.
According to documents submitted by JD group to SEC, Mr.LIU Qiangdong, CEO and the Founder of JD holds 15.8% of its equity, and 80.2% of voting rights, is the second largest shareholder only after Tencent who holds 18.1% equity and 4.4% voting rights. Walmart holds 10.1% equity and 2.5% voting rights.