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Stock Market & Financial Investment News

News Breaks
March 12, 2014
07:30 EDTTCEHYTencent rumored to seek purchase of handset maker, Marbridge Daily says
Tencent is rumored to have been in talks with several mobile handset manufacturers with the intention of making an acquisition or investment in the space, according to Marbridge Daily, citing Sootoo. Reference Link
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August 31, 2015
17:41 EDTTCEHYTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
August 21, 2015
05:21 EDTTCEHYeLong retains financial advisor, legal counsel
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