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.