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Tencent Acquires 49% Stake in Brazilian, SE Asian Gaming Firm 'Level Up'
Hong Kong Exchange, 1/19/12
Tencent (0700.HK) has announced that its wholly owned subsidiary Aceville Pte Ltd has entered into an agreement to purchase 320,722 shares or 49% of the total issued shares of Singaporean investment holding company Level Up! International Holdings Pte Ltd, which, through its operating subsidiaries and affiliates in Brazil and the Philippines and through its joint venture in the U.S., engages in online game publishing and game magazine publication. Read More
Rumor: China's Third-Party Payment Firms Cut Overseas Ties
Oriental Morning Post, 5/13/11
A number of third-party payment processors applying for licenses from the People's Bank of China (PBoC), such as Tencent's (0700.HK) Tenpay, YeePay, 99Bill, and Lakala, are cutting ties with foreign investors, according to an industry source. Read More
Tencent Acquires Stake in Thai Internet Firm
Hong Kong Exchange, 8/26/10
Chinese internet firm Tencent (0700.HK) today announced that on August 26, 2010, its wholly-owned subsidiary New Kingdom Limited entered into a share purchase agreement with M-Web Thailand Holdings B.V. Read More
Rumor: Tencent Bids for Acquisition of ICQ
Beijing Business Today, 2/10/10
A source claims that Shenzhen-based internet value-added services company Tencent (0700.HK) and three other companies are in a second round of talks to purchase instant-messaging client ICQ from AOL. Read More
Ku6 Buys Equipment, Hires Managers for Olympics
Ku6.com, 7/23/08
Online video sharing website Ku6 is purchasing equipment and undertaking a large-scale upgrade of its hardware and software in preparation for the Olympics. Read More
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