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Stock Market & Financial Investment News

News Breaks
May 6, 2014
06:43 EDTTCEHYTencent to obtain 11% stake in digital map provider, Xinhua reports
Chinese e-commerce giant Tencent (TCEHY) will purchase an 11.3% stake in Chinese digital map provider Navinfo, the latter company reported in a regulatory filing last night, according to Xinhua. Reference Link
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July 31, 2014
12:19 EDTTCEHYNew Oriental announced joint venture with Tencent, TechNode reports
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July 28, 2014
06:05 EDTTCEHYJD.com launches Xbox One sales in China
JD.com (JD) began taking China pre-orders for Microsoft's (MSFT) Xbox One gaming console. As part of an agreement between the companies, JD.com will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30 through JD.com's Mobile QQ and Weixin entry points. Vice president of JD.com in charge of the IT and Digital Business unit Shuang Du said, "Through our partnership with Tencent (TCEHY), Chinese consumers are increasingly able to enjoy the JD.com shopping experience directly on China's most popular mobile communications platforms. We will continue to focus on providing the most convenient channels for Chinese consumers to purchase authentic products through their mobile devices." On July 31, the JD.com website and JD.com's exhibition booth at the ChinaJoy Expo in Shanghai will also begin taking pre-orders. Reference Link

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