News Formal

Tencent-backed fleet business links with Alibaba-backed firm

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Merger brings together China’s platform giants as shareholders of combined entity

Tencent Holdings: Headquarters in Shenzhen, China. Picture: Bloomberg/Qilai Shen

The merger comes as G7 considers a potential initial public offering in Hong Kong that could happen as early as this year. The company is working with advisers including China International Capital, Citigroup and Morgan Stanley on the proposed first-time share sale. Tencent and Alibaba have largely built rigidly separate ecosystems, with few exceptions. Video platform Bilibili is backed by both giants.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Indonesia plans to lure digital nomads to Bali with 5-year visaIndonesia plans to issue a special five-year visa for remote workers and business-leisure travellers to lure visitors to back to Bali and other destinations.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: China’s renewable energy fleet is growing too fast for its gridNearly 12% of power generated by wind turbines in Inner Mongolia this year has been wasted because the grid couldn’t take it, along with 10% of solar power in Qinghai, Economic Information Daily reported, citing government data.
Source: dailymaverick - 🏆 3. / 84 Read more »