Update: Tencent Acquires Five Companies in Q3 2012
Hong Kong Stock Exchange, 11/14/12
Tencent (0700.HK) has revealed in the Chinese-language version of its Q3 2012 financial report that the company took controlling stakes in five companies during the quarter. Tencent did not report the names of the acquired companies, nor did it mention the acquisitions in the English-language version of its financial results.
According to Tencent, the company took a 100% stake in an MMO game developer, a 100% stake in a mobile tools developer, and a 51% stake in a publisher and online reading developer. The company also increased its stake in an unnamed e-commerce company to 58% and increased its stake in a mobile browser developer from 40% to 100%.
Editor's Note: Tencent investment deals during Q3 2012, both confirmed and rumored, covered in earlier issues of the Marbridge Daily include the following:
Tongka Network Technology - Beijing-based customer relationship management (CRM) service provider. See "Rumor: Tencent Acquires CRM Service Firm," MD 11/05/12 issue.
51buy - Online consumer electronics retailer in which Tencent already owns an 80% stake. See "Rumor: Tencent to Acquire Remaining 20% of 51Buy," MD 10/29/12 issue.
OkayBuy - Beijing-based apparel e-commerce firm. See "Rumor: OkayBuy Loses Steam, Awaits Tencent Acquisition," MD 10/19/12 issue.
500CCC - Beijing-based online 3C products retailer. See "500CCC Confirms Acquisition by Tencent," MD 10/04/12 issue.
Meilishuo - Fashion e-commerce SNS. See "Meilishuo Denies Rumors of Tencent Acquisition," MD 7/30/12 issue and "Meilishuo Seeks Fourth-Round Funding," MD 9/04/12 issue.
Caixin - Online and offline media firm. See "Rumor: Tencent Acquires 20% Stake in Caixin," MD 7/19/12 issue and "Rumor: Caixin to IPO in Three Years," MD 7/30/12 issue.
LeWa Tek - Shanghai-based Android ROM developer. See "Rumor: Tencent Invests RMB 50 Mln in LeWa," MD 7/10/12 issue.
2 Handset Design Firms - See "Qihoo: Tencent Acquires 2 Handset Design Firms," MD 7/03/12 issue.
Keywords: M&A e-commerce Internet Tencent mobile browser 0700.HK Q3 2012 fiscal report online literature online gaming
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