Posts tagged " Tencent "

Tencent Takes $1.8B Tesla Stake

March 29th, 2017 Posted by Capital Markets, China Business Development No Comment yet

Chinese Internet giant Tencent disclosed that it has taken a 5% passive stake in Tesla. Best known for its WeChat mobile app and investments in mobile games, Tecent’s stock purchase comes as a surprise. Will our friends in Beijing and Shanghai be able to order a custom configured Model S via WeChat in the near future?

Read the Reuters article here.

Tencent Buys Supercell for Expansion and Synergies

June 21st, 2016 Posted by Capital Markets, China Business Development, M&A No Comment yet

Tencent’s biggest M&A deal ever sees it acquiring Finland’s Supercell for $8.6 billion. Shenzhen-based Tencent gains access to the lucrative mobile game franchise “Clash of Clans” which it can monetize via its 762 million WeChat messaging platform users. With the majority of its $15 billion in revenue derived from China, Tencent becomes the world’s #1 game publisher by revenue.

Read the Wall Street Journal article here.

China’s Big 3 with $80B to Go Shopping

December 10th, 2015 Posted by Capital Markets, China Business Development, M&A No Comment yet

Alibaba, Tencent, and Baidu together have $80B in capital available for acquisitions. With venture financing becoming more difficult in China, BAT are becoming go-to buyers for startups.

Read the Bloomberg article here.

Tencent’s WeChat Service Reaches 1.1 Billion Accounts

June 19th, 2015 Posted by China Business Development, Digital Marketing, Mobile Marketing, Social Marketing No Comment yet

WeChat reported the following numbers (always take these with a grain of salt):

– 1.12 billion accounts, with 440 million MAUs

– Half between ages of 20-29, with 30-39 the second largest demographic

– 20+ language versions in 200 countries

Click here to read the TechNode article.

 

Chinese Tech Companies Go Shopping Overseas

May 29th, 2015 Posted by Capital Markets, China Business Development, M&A No Comment yet

Flush with capital from success in their home market and a booming stock market, Chinese tech companies are investing overseas to acquire technology, talent, and know-how. Chinese outbound direct investment grew from $2.7 billion in 2002 to $102.9 billion in 2014, according to Chinese Ministry of Commerce data. That’s an incredible 40x increase over a mere 12 years. Data points to consider:

  • Alibaba’s $220 million investment for 20% of mobile video app Tango
  • Baidu’s strategic investment in Uber
  • Tencent’s investments in SnapChat, KakaoTalk, Epic Games, and Riot Games
  • Lenovo’s purchase of IBM’s low-end server business for $2.3 billion
  • Huaxin’s 85% stake in French telecom Alcatel-Lucent

The Chinese technology companies and investment groups we work with are seeking:

  1. Access to new markets overseas.
  2. Useful technologies, capabilities, and talent to help them compete in the domestic China market.
  3. Diversification of their investment portfolios.

Newport’s value proposition is to connect our Chinese tech clients with North American investment targets, assist with transaction execution, and manage portfolio companies once capital is deployed.

Read the full article from Cheung Kong Graduate School of Business Knowledge website.

Tencent Earnings Beat for March 31 Quarter

May 13th, 2015 Posted by Capital Markets, Digital Marketing, Mobile Marketing, Social Marketing No Comment yet

Tencent Holdings, Asia’s biggest technology company, announced a 7% year-on-year rise in quarterly net income. Net income was 6.88bn yuan ($1.1bn) for the period, compared with forecasts of about 6.5bn yuan. Sales grew 22% to 22.4 billion yuan from a year earlier.

Hong Kong listed Tencent competes with e-commerce company Alibaba for mobile users. The company has some of China’s most popular messaging services, including WeChat.

Read the full article on BBC News.

850 million Chinese Online by end-2015

May 12th, 2015 Posted by Capital Markets, China Business Development No Comment yet

This remarkable article provides back story on how a boutique Chinese investment bank convinced Kuadi Dache (backed by Alibaba) and Didi Dache (backed by Tencent) to agree to China’s biggest Internet merger.  The merger created a credible competitor to market-leader Uber.

Among the interesting facts from the story:

  • The Chinese government expects 850m Chinese to be online by the end of this year.
  • Three of China’s richest people are Internet entrepreneurs: Alibaba’s Jack Ma at #2, Tencent’s Ma Huateng at #3, and Baidu’s Robin Li at #4.
  • Beijing, a city with a population of 21.5 million people, is home to 20 tech companies valued at more than $1billion each.

Read the full Bloomberg Markets article here.