HOLDINGS

Indonesia’s Lippo Group says invests $44 million in China’s Tencent

Indonesia’s Lippo Group says invests $44 million in China’s Tencent

Published 26/06/2018

JAKARTA (Reuters) - Indonesian conglomerate Lippo Group said on Tuesday it had invested 628 billion rupiah ($44.35 million) in Chinese internet giant Tencent Holdings Ltd [more…]

China’s Tencent, JD.com invest $863 million in online retailer Vipshop

China’s Tencent, JD.com invest $863 million in online retailer Vipshop

Published 18/12/2017

An app of the Chinese discount online retailer Vipshop Holdings Ltd is seen on a mobile phone in this illustration picture taken December 18, 2017. [more…]

Tencent Music, Spotify in talks to swap stakes: WSJ

Tencent Music, Spotify in talks to swap stakes: WSJ

Published 01/12/2017

Earphones are seen on a tablet screen with a Spotify logo on it, in Zenica, Bosnia and Herzegovina, February 20, 2014. REUTERS/Dado Ruvic/File Photo - [more…]

Japan insurer Sompo sets up fintech base in Tel Aviv

Japan insurer Sompo sets up fintech base in Tel Aviv

Published 27/11/2017

TOKYO (Reuters) - Property-and-casualty insurer Sompo Holdings Inc (8630.T) has set up a fintech hub in Israel, becoming the first Japanese insurer to do so [more…]

U.S. approves digital pill that tracks when patients take it

U.S. approves digital pill that tracks when patients take it

Published 14/11/2017

A digital pill with an embedded sensor to track if patients are taking their medication. REUTERS/Proteus Digital Health(Reuters) - U.S. regulators have approved the first [more…]

FDA approves first drug in U.S. with digital ingestion tracking

FDA approves first drug in U.S. with digital ingestion tracking

Published 14/11/2017

The U.S. Food and Drug Administration said on Monday that it had approved Otsuka Pharmaceutical Co Ltd's Abilify MyCite, the first drug with a digital ingestion tracking system to be approved in the United States. [more…]

Tencent unit China Literature launches up to $1.1 billion HK IPO

Tencent unit China Literature launches up to $1.1 billion HK IPO

Published 23/10/2017

China Literature Ltd, China's largest online publishing and e-book company, launched an initial public offering for up to $1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business. [more…]

Exclusive: China`s Legend in talks to buy stake in Luxembourg bank BIL – source

Exclusive: China`s Legend in talks to buy stake in Luxembourg bank BIL – source

Published 11/07/2017

FILE PHOTO - Legend Holdings chairman Liu Chuanzhi attends a news conference on the company's annual results in Hong Kong, China March 30, 2016.

China's Legend Holdings Corp is in talks on a potential investment in Qatari-owned Banque Internationale a Luxembourg (BIL), a person with knowledge of the matter told Reuters.

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Tencent executive expects WeChat Pay in every shop in China within two years

Tencent executive expects WeChat Pay in every shop in China within two years

Published 21/04/2017

Logo of Tencent is displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu

An executive at Tencent Holdings Ltd, China's biggest social media and online entertainment company, said on Friday he expects its mobile messaging app WeChat to provide electronic payment services in every Chinese shop within two years.

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China`s Bitauto raises $1 billion from internet giants Tencent, Baidu

China`s Bitauto raises $1 billion from internet giants Tencent, Baidu

Published 20/04/2017

Auto portal Bitauto Holdings Ltd (BITA.N) has recently raised $1 billion from Tencent Holdings Ltd (0700.HK), Baidu Inc (BIDU.O) and JD.com Inc (JD.O) as it seeks to be China's largest online car financing platform, its chief told Reuters on Thursday.

[more…]