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Stock Market & Financial Investment News

News Breaks
March 26, 2014
08:07 EDTYOKU, TCEHYTencent rumored to take 20% stake in Youku Tudou, Marbridge Daily says
Tencent (TCEHY) has reportedly reached a tentative agreement to take a 20% stake in Youku Tudou (YOKU), Marbridge Daily reports, citing a source close to Youku Tudou. The deal is said to be worth at least $300M in cash. The companies could announce the partnership later this month. Reference Link
News For TCEHY;YOKU From The Last 14 Days
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February 20, 2015
07:56 EDTTCEHYTencent invests in South African mobile startup, TechCrunch says
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February 17, 2015
10:14 EDTTCEHYAlibaba February calls active
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09:53 EDTTCEHYRumor: Alibaba, Tencent rumored as candidates for merger
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09:32 EDTTCEHYAlibaba, Tencent taxi hailing apps confirm merger, TechCrunch says
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February 13, 2015
06:40 EDTTCEHYAlibaba, Tencent may merge taxi hailing apps, WSJ says
Alibaba's (BABA) taxi hailing smartphone app Kuaidi Dache and Tencent's (TCEHY) app Didi Dache are in talks to merge, reports the Wall Street Journal, citing research firm Analysys International. The internet giants have paired the taxi apps to their respective payment systems, but a merger of the apps would likely negatively impact Tencent as riders may opt to use Alibaba's more popular payment system. Reference Link

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