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Example of praising each others jobs-educator cities at alibabauni.com inspired linkedin groups
who owns whome - we have mot checked all this dats but there were some unexpecetd investments in the bat before china istelf realised how boig they would be so
Naspers’ stake drops from 33.2% to 31.2%.
1998-2010: Founding and growth
Tencent was founded by Ma Huateng, Zhang Zhidong, Xu Chenye, Chen Yidan and Zeng Liqing in November 1998 as Tencent Inc. Incorporated in the Cayman Islands, initial funding was provided to it by venture capitalists. In February 1999, Tencent's iconic messenger product OICQ released. Shortly after, Tencent had its name changed to QQ; this was said to be due to a lawsuit threat from ICQ and its owner AOL. The company remained unprofitable for the first three years. South African media company Naspers purchased a 46.5% share of Tencent in 2001. (As of 2014, it owns 34%.) Tencent Holding Ltd was listed on the Hong Kong Stock Exchange on 16 June 2004, and it was added as a Hang Seng Index Constituent Stock in 2008. The company originally derived income solely from advertising and premium users of QQ, who pay monthly fees to receive added extras. But by 2005, charging for use of QQ mobile, its cellular value-added service, and licensing its iconic penguin character, which could be found on snack food and clothing, had also become income generators. By 2008, Tencent was seeing profit growth from the sale of virtual goods. While Tencent's services have included online gaming since 2004, around 2007–2008 it rapidly increased its offerings by licensing games. While least two, CrossFire and Dungeon Fighter Online, were originally produced by South Korean game developers, Tencent now makes its own games.
2011-2014: Early investments
On February 18, 2011, Tencent acquired a majority equity interest (92.78%) in Riot Games, developer of League of Legends, for about USD 230 million. Tencent had already held 22.34% of the equity interest out of a previous investment in 2008. On the 16th December 2015, Riot Games sold its remaining equity to Tencent Holdings. Tencent acquired a minority stake in Epic Games, developer of franchises like Unreal, Gears of War and Infinity Blade, in June 2012.Tencent in 2013 increased its stake in Kingsoft Network Technology, a subsidiary of Kingsoft Corporation, to 18%. Tencent previously had a 15.68% stake in the company and raised the stake through a USD 46.98 million investment. Tencent took part in Activision Blizzard splitting from Vivendi as a passive investor in 2013 and now owns less than 4.9% of the shares as of 2017. On September 17, 2013, it was announced that Tencent had invested $448 million for a minority share in Chinese search engine Sogou.com, the subsidiary of Sohu, Inc.
On January 15, 2014, Tencent said it will invest HKD 1.5 billion (USD 193.45 million) in logistics and warehouse firm China South City Holdings Ltd to develop its e-commerce and logistics business. On February 27, 2014, Tencent purchased a 20-percent stake in restaurant ratings and group buying website Dianping for $400 million. On March 10, 2014, Tencent bought a 15 percent stake in Chinese e-commerce website JD.com Inc. by paying cash and handing over its e-commerce businesses Paipai, QQ Wanggou and a stake in Yixun to JD.com to build a stronger competitor to Alibaba Group. On May 22, 2014, JD.com got listed on NASDAQ and Tencent expanded its stake in the company to 17.43% on a fully diluted basis by investing an additional USD 1,325 million. On March 27, 2014, it was announced that Tencent had agreed to pay about $500 million for a 28 percent stake in South Korea’s CJ Games. On June 27, 2014, Tencent announced that it had agreed to buy a 19.9 percent stake in Chinese e-commerce website 58.com (WUBA) Inc. for $736 million. On April 17, 2015, Tencent announced it has bought an additional $400 million worth of shares, rising its stake in the company to about 25%. On October 16, 2014, via its wholly held subsidiary Hongze Lake Investment Ltd, Tencent announced that it had bought a 7% stake in lottery technology firm China LotSynergy Holdings Ltd for HKD 445.5 million (USD 57.4 million). On October 23, 2014, Tencent pitched in $145 million for a 10 percent stake in Koudai Gouwu, a Chinese mobile shopping portal. In November 2014, the company announced a deal with HBO which would give it exclusive rights for distribution in China. On December 9, 2014, Chinese taxi-hailing app Didi Dache announced that it had raised more than $700 million in a funding round led by Tencent and Singaporean state investment firm Temasek Holdings.
2015-2018: Recent investments
On January, 2015, Tencent launches WeBank (China), China's first online-only bank. On January 30, 2015, Tencent announced that it had signed a USD 700 million deal with the National Basketball Association to stream American basketball games in China. Later that year, Chinese automaker BYD became the chief corporate sponsor for Tencent's NBA broadcasts. On February 27, 2015, Tencent announced that it had acquired a minority stake in Robot Entertainment, the developer of the Orcs Must Die! series.At the same time, Brand Finance releases 2017 Global Top 500 Brands List, Tencent ranked 47th. On April 29, 2015, Tencent acquired a minority stake in Glu Mobile, paying USD 126 million for 14.6 percent of the company. On May 13, 2015, Tencent acquired a minority stake in mobile developer Pocket Gems, acquiring 20 percent of the company for the price of USD 60 million. On June 21, 2016 Tencent announced a deal to acquire 84.3% of Supercell with USD 8.6 billion. In July 2016, Tencent acquired a majority stake in China Music Corporation. In 2016, Tencent, together with Foxconn and luxury-car dealer Harmony New Energy Autofounded Future Mobility, a car startup that aims to sell all-electric fully autonomous premium cars in 2020. On March 28, 2017, Tesla, Inc. announced Tencent had purchased a 5% stake in Tesla for USD 1.78 billion. The Wall Street Journal at the time called Tencent China's "most valuable company." In a "direct challenge to Chinese search engine Baidu," in May 2017 Tencent entered news feed and search functions for its WeChat app, which the Financial Times reported was used by 770 million people at the time.
In April 2017, Tencent unveiled its very own flagship gaming platform, WeGame which will host games, content, and services from all over the world and will provide gaming info, purchases, downloads, live streaming and community services, creating an open ecosystem for gaming. WeGame is an upgraded version of TGP (Tencent Games Platform) that already has more than 200 million active users (compared to Steam's 125 million) and over 4.5 billion downloads, and is widely considered as a direct competitor to Steam. It will be dedicated to both global developers and players, and will assist developers who require help with translation. The gaming platform will support both Chinese and global users through a single storefront and is due to go online on 1 September 2017, Tencent has stated that the platform will focus on PC and standalone games and will no longer host web or mobile games, and will provide support to small and indie companies. Aside from mainstream games, the company has promised to also launch titles which include Stardew Valley, Rocket League, Portal Knights, Minecraft, Cities: Skylines, with 170 games promised by the end of 2017. There are expectations that WeGame will grow huge and successful globally with its new focus on Western users, combined with the massive buying power of today’s Asian consumers.
In May 2017, Tencent surpassed Wells Fargo to enter the world's top 10 most valuable companies. Tencent has also entered an agreement with Wuhu City Council to build the world's first eSports town in the Chinese city of Wuhu, which comprises an eSports theme park, eSports university, cultural and creative park, animation industrial park, creative block, tech entrepreneurial community and Tencent Cloud's data center. The site will be used for the education and accommodation of future eSports players, as well as hosting national eSports events and serving as a hub for Tencent's game development. Aside from Wuhu, another eSports theme park has been planned in Chengdu.
In June 2017, Tencent became the 8th most valuable company in BrandZ's Top 100 Most Valuable Global Brands, signalling its growing influence globally as well as the rise of Chinese brands. Alibaba overtook Tencent as Asia's most valuable company as its stocks surged after the company hosted its 2017 Investor's day. The company has also developed its own voice assistant Xiaowei, and is in the midst of discussion to acquire Rovio Entertainment, the developer of Angry Birds. At the same period, Tencent introduced its mini-programs feature that allows smartphone users to access mobile apps across the globe on WeChat without downloading them.
In July 2017, Tencent bought a 9% share in Frontier Developments, the creator of the Elite: Dangerous and Planet Coasterfranchises; as well as developer for Rollercoaster Tycoon 2 & 3. In September 2017, Tencent invested US$90 million in German aviation start-up Lilium Aviation, which specializes in developing and building high speed flying vehicles and electric jets.
In August 2017,After Tencent announced the second quarter 2016 financial report, the stock price rise by 6% in the Hong Kong stock market, and the market value has reached USD 249 billion. Tencent became the second Asian company after Alibaba Group to surpass US$400 billion market cap. Tencent has also created an alliance to its own AI self-driving program, similar to Baidu's Apollo Project, recruiting numerous industry players in the automotive industry.
In September 2017, Tencent has announced plans to introduce Chinese online comics to every market around the world, with the first being North America. It will be working with San Francisco-based digital publisher Tapas Media, a partnership that will see English-language releases of a number of popular online Chinese titles. It also enters a partnership with Alibaba Group on music-streaming rights sharing, the deal aims to protect licensed streaming services offering copyrighted content of the music industry, encouraging more high-quality and original music, as well as developing China’s fast-growing streaming market. Alibaba will gain the rights to stream music from international labels, which already have exclusive deals with Tencent, in return for offering reciprocal rights to its catalogue of Chinese and Japanese music. Tencent plans to increase its advertising revenues through artificial intelligence and branded virtual costumes in video games. It is also collaborating with L'Oréal, the world's largest cosmetics company, to explore digital marketing under the Joint Business Partnership (JBP) agreement and unleash new marketing innovations.
Tencent has announced a partnership with Nintendo to publish its widely popular game Honor of Kings (King of Glory) into Nintendo Switch, causing Nintendo's stock to hit a 9-year-high, as well as JD.com to create and sell a line of merchandise (from clothing to accessories to other products), based on Tencent's games and intellectual properties. It will also be working with China International Capital Corporation (CICC) in financial services, capitalizing on each other’s strength, while acquiring a 5% equity stake in the investment banking firm. The announcement of the deal propelled CICC's shares by as much as 16 percent. Tencent Pictures unveiled that it intends to expand cooperation with overseas film and TV companies on new productions, as well as making more long-term investment in the movie and TV industry. Tencent has also signed an agreement with Helsinki and World Tourism Cities Federation to provide intelligent tourism services to Chinese tourists, with Helsinki serving as an intelligent tourism model for China's outbound tourism.
In November 2017, Tencent revealed that it had purchased a 12% stake in Snap Inc in the open market, with plans to help establish Snapchat as a gaming platform. The company also owns 44% stake in Sogou, a search engine company which started trading in New York on November 9, 2017. Tencent remained the largest video game publisher in the world by revenue, and had a market capitalization of around $475 billion. In the same month, Tencent announced the company's Q3 results that exceeded optimistic expectations with skyrocketing sales, net income and gaming revenue, while Wechat reached 980 million monthly active users. It will be earmarking billions of dollars to amass a catalogue of user-generated content, in competition with Youtube. The company also broke records by becoming the first Asian company to cross US$500 billion valuation, and surpassing Facebook to enter the top 5 list of the world's biggest firms.
On 22 November 2017, Tencent formally entered into a strategic cooperation with PUBG corporation and obtain exclusive rights to operate ''Playerunknown's Battlegrounds'' in China. On 23 November, Tencent and Hong Kong railway Co.,Ltd fomally signed a cooperation agreement. The two parties cooperated on WeChat payment and WeChat Pay HK (WeChat Hong Kong Wallet) in mobile payment business of MTR.
In December 2017, Tencent's music arm, Tencent Music Entertainment (TME) and Spotify agreed to swap 10% stake and invested in each other's music businesses, forming an alliance in the music industry in which Martin Lau (president of Tencent) described it as a "strategic collaboration".
In January 2018, Tencent and The Lego Group, the world's largest toy company, are teaming up to jointly develop online games and potentially a social network aimed at children. It also launched its first unmanned shop in Shanghai, joining the likes of other major e-commerce companies including Alibaba, Amazon and JD.com, receiving over 30,000 visitors in the first two days of its opening. Tencent led a US$5.4 billion investment in Wanda Commercial, together with JD.com, Sunac and Suning Group, to acquire shares in the conglomerate. Wanda Commercial will be renamed as Wanda Commercial Management Group, with its new investors on the board, it represents one of the world’s largest single strategic investments between internet companies and brick-and-mortar commercial giants. Tencent bought a 5% to 10% minority stake in Skydance Media.
according to wikipedia -baidu
On August 2, 2013, Baidu launched its Personal Assistant app, designed to help CEOs, managers and the white-collar workers manage their business relationships.
On July 18, 2014, the company launched a Brazilian version of the search engine, Baidu Busca.
On October 9, 2014, Baidu announced acquisition of Brazilian local e-commerce site Peixe Urbano.
In April 2017, Baidu announced to launch Apollo project, its self-driving vehicle platform in a bid to help drive the development of autonomous cars including vehicle platform, hardware platform, software platform and cloud data services. Baidu plans to launch this project in July this year, before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020.
In September 2017, Baidu has rolled out a new portable talking translator that can listen and speak in several different languages. Smaller than a typical smartphone, the 140-gram translation device can also be used as a portable Wi-Fi router and is able to operate on networks in 80 countries, it is still under development currently. Baidu will also be inserting artificial intelligence (AI) technology into smartphones, through its deep learning platform. At the same period, it has also led a joint investment of US$12 billion with Alibaba Group, Tencent, JD.com and Didi Chuxing, acquiring 35% of China Unicom's stakes.
In October 2017, According to The Wall Street Journal, Baidu would be launching self-driving bus in China the following year. In the same month, Baidu also announced its first annual Baidu World technology conference (Bring AI to Life) would be held and live-streamed on 16 November 2017 at China World Summit Wing and Kerry Hotel, bringing together Baidu executives, employees, partners, developers, and media to discuss the company’s mission and strategy, technology breakthroughs, new product developments, as well as its open artificial intelligence (AI) ecosystem.
The name Baidu (百度) literally means "a hundred times", or alternatively, "countless times". It is a quote from the last line of Xin Qiji (辛弃疾)'s classical poem "Green Jade Table in The Lantern Festival" (青玉案·元夕) saying: "Having searched thousands of times in the crowd, suddenly turning back, She is there in the dimmest candlelight." (众里寻他千百度 ，蓦然回首，那人却在灯火阑珊处。)
Baidu offers several services to locate information, products and services using Chinese-language search terms, such as, search by Chinese phonetics, advanced search, snapshots, spell checker, stock quotes, news, knows, postbar, images, video and space information, and weather, train and flight schedules and other local information. The user-agent string of Baidu search engine is Baiduspider.
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