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Vivendi working on 3bn Universal Music deal with Tencent

2019-08-06 02:00:00| Total Telecom industry news

Vivendi is in talks that could see Chinese conglomerate Tencent acquire a 10% stake in Universal Music Group for €3 billion. The French media and telecoms company said it is holding preliminary talks with Tencent about a strategic investment in Universal Music…read more on TotalTele.com »

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Qualcomm and Tencent sign 5G gaming MoU

2019-07-31 02:00:00| Total Telecom industry news

International chipset manufacturer, Qualcomm, has signed a memorandum of understanding (MoU) with Tencent Games, to fast track advancement in the mobile gaming sector. “Tencent has worked closely with Qualcomm Technologies and we are very pleased that the strategic cooperation announced today has deepened and expanded the relationship between the two parties…read more on TotalTele.com »

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BMW Group partners with Tencent to build BMW Group China High Performance D platform

2019-07-20 11:57:02| Green Car Congress

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Tencent Q4 profit falls 35% on investment costs, revenues up 28%

2019-03-21 12:28:00| Telecompaper Headlines

(Telecompaper) Tencent reported revenues of CNY 84.9 billion for the fourth quarter, up 28 percent from a year earlier as growth in social networks, payments and online content helped offset flat revenues from gaming. The company's net profit fell 35 percent to CNY 14.0 billion, due to costs for the IPO of Tencent Music and several disposal gains in the year-earlier period. Adjusted EBITDA rose 18 percent to CNY 29.7 billion.

Tags: up costs investment falls

 

Tencent Video subscriptions up 58% to 89 million at end-2018

2019-03-21 10:00:45| Digital TV News

Tencent (00700.HK) has announced the results for the fourth quarter of 2018. Tencent Video expanded its subscription counts to 89 million, up 58% year-on-year, driven by premium content and cross-promotions.

Tags: at video million subscriptions

 

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