Recent events
Recent events tied to this brand in public sources.
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2020
Lilium completes funding round of more than $240 million
Lilium completed an internal funding round worth more than $240 million, led by Tencent and involving existing investors including Atomico, Freigeist and LGT. The article says the funds will support development of the Lilium Jet and preparations for serial production.
2020
Tencent announces an investment plan for Hubei
Tencent announced plans to increase its investment in Hubei and outlined cooperation and development initiatives in areas including digital government, smart education, smart mobility, artificial intelligence and security. It also said its Hubei workforce would reach four times its current size within five years.
2020
Tencent exercises option to acquire additional Huya shares
Tencent subsidiary Linen Investment Limited notified Huya and YY that it was exercising its option to buy approximately 16.52 million Huya Class B ordinary shares from YY for about $263 million. The article states that after completion, Tencent would become Huya’s largest shareholder.
2020
Tencent sues over alleged cloud distribution of its games
Tencent reportedly sued an unnamed Guangzhou-based technology company in China, accusing it of making Tencent games available through a cloud gaming service without permission and alleging unfair competition. Tencent sought damages of more than 9.6 million RMB.
2020
Yuanfudao completes $1 billion funding round
Yuanfudao Online Education completed a $1 billion funding round, led by Hillhouse Capital, with Tencent, Boyu Capital, IDG Capital and others participating. The article reports a post-money valuation of $7.8 billion.
2020
Minglue Technology completes $300 million Series E funding
Minglue Technology Group announced that it had completed a $300 million Series E strategic funding round, led by Temasek and Tencent, with Kuaishou also participating.
2020
Tencent announces VooV app launch for overseas users
Tencent announced that it would launch its VooV videoconferencing app to help overseas users stay connected and work remotely.
2020
Yuanfudao reported near completion of funding round
A report said online education company Yuanfudao was close to completing a funding round at a reported $7.5 billion valuation, with Tencent and Hillhouse Capital leading; discussions and the amount were not final.
2020
Tencent reports 2019 annual results
Tencent published its 2019 financial report. The report said that Wealth Management Connect's assets under management grew by more than 50% year over year and its user count more than doubled.
2020
Kingdee joins Tencent SaaS Technology Alliance
Kingdee joined Tencent’s SaaS Technology Alliance, and Tencent and participating vendors including Kingdee were building a shared technology platform.
2020
Tencent and Black Shark launch Black Shark 3 gaming phones
Tencent and Black Shark presented the Black Shark 3 and Tencent Black Shark 3 Pro gaming phones at an online launch event. The phones include Tencent's second-generation SolarCore game engine.
2020
Tencent and Zhong Nanshan’s team announce a joint laboratory
Tencent and Zhong Nanshan’s team announced a partnership to establish a big data and artificial intelligence joint laboratory focused on screening and prevention for epidemics and respiratory diseases.
2020
Tencent and Fadada launch electronic contract service
Tencent's SaaS Qianfan Plan and Fadada launched an electronic contract service on Enterprise WeChat, WeChat mini programs, and Tencent Qidian, with the stated aim of helping businesses address contract-signing difficulties during the pandemic.
2020
Tencent established a 1.5 billion yuan COVID-19 support fund
Tencent established a 1.5 billion yuan fund to support COVID-19 response, including disease prevention, technology development, aid to affected families, and research and public education.
2020
Tencent invests in Yager
Yager revealed that it received a strategic minority investment from Tencent; the capital will be used to strengthen its development and publishing activities.
2020
Tencent launches COVID-19 developer alliance
Tencent announced a 200 million yuan fund pool and launched the “战疫开发者公益联盟” to bring together service providers and developers to support efforts against the epidemic. Tencent said it would provide funding, cloud resources and technical support for teams developing epidemic-related mini-programs for government departments and medical institutions.
2020
Tencent announces a 200 million yuan funding pool for the anti-epidemic developer initiative
Tencent announced a 200 million yuan funding pool to provide startup funding, cloud resources and technical support for service providers and developers building epidemic-response mini-programs for government departments and medical institutions.
2020
Tencent launches COVID-19 developer public-interest alliance
Tencent announced a public-interest alliance to bring service providers and developers together to build pandemic-response services, and said it would provide funding, cloud resources and technical support.
2020
Farfetch agrees to $250 million convertible-note offering
Farfetch agreed to issue and sell $250 million in convertible senior notes, with Tencent and investment firm Dragoneer each agreeing to purchase $125 million.
2020
Tencent launches offer to acquire Funcom
Tencent announced that it had launched a tender offer for Funcom, valuing the game developer at 1.33 billion Norwegian kroner. Funcom's board and management supported the offer; the proposed acquisition had not yet been completed.