Hyundai Motor denies tie-up with Tencent on driverless car software

South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles.


Reuters: Business News

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Alibaba, Tencent, car makers set up $1.5 billion China ride-hailing venture

Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $ 1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.


Reuters: Arts

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Newly public Tencent Music ‘would be a screaming buy’ if it wasn’t for China: Cramer

Jim Cramer breaks down Tencent Music's initial public offering and and says context is the biggest deterrent to buying shares.
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Tencent Q3 Profit Up 30% – Quick Facts

Tencent Holdings Limited (TCEHY.PK), a provider of Internet value added services in China, reported that its profit attributable to equity holders of the company for the third quarter was RMB 23.33 billion or $ 3.39 billion, an increase of 30 percent from RMB 18.05 billion in the prior-year quarter. Earnings per share for the quarter were RMB 2.44, up from RMB 1.89 in the year-ago period.
RTT – Earnings

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Chinese tech has taken hefty blows but giants like Tencent and Baidu are not out for the count

Collectively, the BATs or Baidu, Alibaba and Tencent, have lost around $ 165 billion in value year-to-date, each for their own reasons. While the stocks may have taken a couple of hefty blows this year, they're certainly not down for the count.
Commentary

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