Tencent (TCEHF)

QUOTE AND NEWS
Financial Times  12 hrs ago  Comment 
WeChat trumps rival Alibaba with 1bn cash gifts sent on eve of lunar new year
Forbes  Feb 26  Comment 
Bottom line: The huge success of Tencent’s hongbao promotions over the Lunar New Year reflects the growing dominance of WeChat, which could marginalize other mobile services unless regulators step in to create a more level playing field.
Forbes  Feb 24  Comment 
It’s traditional for Chinese to exchange red packets of money, called hongbao, at the Lunar New Year. Kids of all ages receive them up until they are married, at which point they are obliged to start giving them.
TechCrunch  Feb 20  Comment 
 Tencent has made its first investment in Africa under the banner of its WeChat messaging service. WeChat Africa, a joint venture between Tencent and Naspers, announced an investment in M4JAM (Money For Jam), a South Africa-based mobile job...
Forbes  Feb 19  Comment 
The red envelope war between Alibaba and Tencent is the latest showdown in China’s increasingly competitive third-party mobile payment market.
Financial Times  Feb 18  Comment 
Internet rivals use holiday gifts to draw users into competing web finance systems
New York Times  Feb 16  Comment 
Ford said it was in talks with Tencent, maker of the popular WeChat messaging app, to develop messaging functions for the manufacturer’s cars in China.
Wall Street Journal  Feb 14  Comment 
Chinese taxi-hailing apps backed by rival Internet giants Alibaba and Tencent plan to merge, the companies said.





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