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April 8, 2014
06:55 EDTTCEHYTencent rises as buyback sparks bets recent rout overdone, Bloomberg says
Tencent rose for the first time in five days after the company purchased its own shares in the open market, sparking speculation that a $32B rout in the stock during the past month was overdone, reported Bloomberg. Reference Link
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November 24, 2015
05:48 EDTTCEHYAlibaba shopping stake in Meituan-Dianping, WSJ reports
Alibaba (BABA) is in talks to sell a stake in Meituan-Dianping, an online booking and discounts platform in China, as part of a plan to focus on an alternative platform of its own, The Wall Street Journal reports. According to sources, Alibaba is shopping its roughly 7% stake in the company, worth about $1B, in a move to focus on the Koubei platform that it launched last June with its financial affiliate. Rival Chinese Internet company Tencent (TCEHY) is said to be planning a $1B investment in Meituan-Dianping, the publication also notes. Reference Link
05:43 EDTTCEHYApple to launch Apple Pay in China by February, WSJ reports
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November 17, 2015
08:03 EDTTCEHYWestern Union offers new global money transfer service on WeChat
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