Tencent | Jotup

NIO Inc. Announces Closing of US$2.2 Billion Strategic Equity Investment from CYVN

Retrieved on:

Wednesday, December 27, 2023

SHANGHAI, China, Dec. 27, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has closed the US$2.2 billion strategic equity investment from CYVN Investments RSC Ltd (“CYVN”), an investment vehicle based in Abu Dhabi, as announced on December 18, 2023.

Key Points:

SHANGHAI, China, Dec. 27, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has closed the US$2.2 billion strategic equity investment from CYVN Investments RSC Ltd (“CYVN”), an investment vehicle based in Abu Dhabi, as announced on December 18, 2023.
In July 2023, CYVN made a US$738.5 million strategic equity investment in the Company and acquired certain Class A ordinary shares of the Company from an affiliate of Tencent Holdings Ltd. for an aggregate consideration of US$350 million.
Now with the closing of the US$2.2 billion strategic equity investment, CYVN in aggregate beneficially owns approximately 20.1% of the Company’s total issued and outstanding shares.
Going forward, NIO and CYVN, together with their respective affiliates, will continue to work closely and jointly to pursue strategic and technology collaborations in international markets.

NIO Inc. Announces US$2.2 Billion Strategic Equity Investment from CYVN

Retrieved on:

Monday, December 18, 2023

Regulation, HKEX, Tencent, Investment, NIO, EV, Security (finance)

As previously announced, in July 2023 the Company received a US$738.5 million strategic equity investment from CYVN.

Key Points:

As previously announced, in July 2023 the Company received a US$738.5 million strategic equity investment from CYVN.
Following the completion of the December Investment Transaction, CYVN will beneficially own approximately 20.1% of the Company’s total issued and outstanding shares.
NIO and CYVN, and their affiliates, will continue to work jointly to pursue strategic and technology collaborations in international markets following the closing of the December Investment Transaction.
We are excited to be a long-term strategic partner of NIO and support its efforts in product innovation, technological breakthroughs and international market expansion.”

Hywin and Tencent Cloud Form Strategic Partnership Agreement for Digital Transformation

Retrieved on:

Friday, December 1, 2023

Cloud, Digital, Partnership, Intellectual property, Philosophy, Research, Cloud computing, Artificial intelligence, AI, Tencent, HYW, Analytics, Video game

Hywin has already built out a green and secure hybrid cloud deployment based on Tencent Cloud’s expertise in cloud computing, which has enabled Hywin to execute its “client-centric” strategies.

Key Points:

Hywin has already built out a green and secure hybrid cloud deployment based on Tencent Cloud’s expertise in cloud computing, which has enabled Hywin to execute its “client-centric” strategies.
Under the new strategic alliance, Hywin will maximize the efficiency and benefits of its own data resources by further utilizing the cloud infrastructure and data compliance solutions provided by Tencent Cloud.
In addition, the strategic alliance between Hywin and Tencent Cloud will also be extended to the Digital Imaging Cloud Platform, which is one of the core pillars of Hywin Health’s “Four Megacloud Solutions” strategy.
In the meantime, Hywin will work with leading technology partners such as Tencent Cloud to further our digital initiatives.”
Madame Wang Dian, Chief Executive Officer and Director of Hywin, commented, “We are excited to have Tencent Cloud as our strategic partner to support Hywin in our digital ecosystem.

Allied Gaming & Entertainment Announces Strategic Investment from Elite Fun Entertainment Co.

Retrieved on:

Thursday, December 28, 2023

Entertainment, Sports, eSports, General Entertainment, Mobile Entertainment, Events, Concerts, Electronic Games, Tencent, Partnership

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, announced today that Elite Fun Entertainment Co. Ltd., a premier player in the Macau cultural and entertainment industry, has agreed to a strategic investment in AGAE.

Key Points:

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, announced today that Elite Fun Entertainment Co. Ltd., a premier player in the Macau cultural and entertainment industry, has agreed to a strategic investment in AGAE.
“We are thrilled to announce this investment by Elite Fun Entertainment, who has profound expertise in orchestrating live events across Asia, notably within China’s Greater Bay,” said Yinghua Chen, Chief Executive Officer of AGAE.
“This collaboration with Elite Fun Entertainment aligns seamlessly with our vision for Allied.
In addition, the parties have agreed to negotiate and finalize a collaboration or partnership agreement under which Elite Fun Entertainment Co., Ltd. will assist the Company with organizing live shows and events in Asia.

Treasure Global Reports First Quarter Fiscal Year 2024 Results

Retrieved on:

Wednesday, November 15, 2023

NEW YORK and KUALA LUMPUR, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” or the “Company”), an innovative technology solutions provider, today reported its financial results for the first quarter of fiscal 2024 ended September 30, 2023, and provided a business update.

Key Points:

A total of 1.33 million transactions were transacted by our registered users over the first quarter and quarter to date for fiscal year 2024.
Total revenues for the first quarter ended September 30, 2023, were $13.5 million, compared with $15.6 million for the first quarter in 2023.
Gross profit for the first quarter 2024 was approximately $0.16 million, a 338% improvement year-on-year, from approximately $0.04 million for the first quarter 2023.
Net loss of approximately $2.1 million for the first quarter of 2024, compared to $3.7 million for the first quarter of 2023.

MOGU Announces Unaudited Financial Results for the Six Months Ended September 30, 2023

Retrieved on:

Friday, December 15, 2023

MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended September 30, 2023.

Key Points:

MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended September 30, 2023.
Highlights For the Six Months Ended September 30, 2023
Total revenues for the six months ended September 30, 2023 decreased by 27.5% to RMB83.3 million (US$11.4 million) from RMB114.8 million during the same period of the fiscal year 2023.
GMV for the six months ended September 30, 2023 was RMB2,196 million (US$301.0 million), a decrease of 22.3% period-over-period.
Financial Results For the Six Months Ended September 30, 2023
Total revenues for the six months ended September 30, 2023 decreased by 27.5% to RMB83.3 million (US$11.4 million) from RMB114.8 million during the same period of the fiscal year 2023.

Middle East Data Center Colocation Market Outlook Report 2023-2028 Featuring Prominent Players and New Entrants Such as stc, Turkcell,Gulf Data Hub, Serverfarm, and Techtonic - ResearchAndMarkets.com

Retrieved on:

Friday, December 8, 2023

The "Middle East Data Center Colocation Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Middle East Data Center Colocation Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
Cloud-based services, smart city developments, and fiber connectivity are other factors driving continuous colocation data center investments across the region.
Prominent operators in the Middle East data center colocation market include Khazna Data Centers, Gulf Data Hub, MEEZA, Moro Hub, stc, Turkcell, and Oman Data Park.
In addition, Saudi Arabia, Israel, and Oman are among the significant contributors to high data center development activities in the Middle East data center colocation market.

Global Blue Completes Strategic Equity Investment and Entry Into New Credit Agreement

Retrieved on:

Wednesday, November 29, 2023

Global Blue Group Holding AG (NYSE: GB and GB.WS), the leading strategic technology and payments partner powering retailers’ improved performance and enhancing shoppers’ experience, is pleased to announce the completion of the strategic equity investment with Tencent, a world leading internet and technology company, and the signing of a new credit agreement which is anticipated to close in early December.

Key Points:

Global Blue Group Holding AG (NYSE: GB and GB.WS), the leading strategic technology and payments partner powering retailers’ improved performance and enhancing shoppers’ experience, is pleased to announce the completion of the strategic equity investment with Tencent, a world leading internet and technology company, and the signing of a new credit agreement which is anticipated to close in early December.
Further to the share purchase and investment agreement dated November 16, 2023, on November 28, 2023, Global Blue completed the sale to Tencent of approximately 9.1 million newly issued common shares for a total consideration of $50 million.
Global Blue intends to use the proceeds of the sale to reduce its debt balance, in pursuit of its long-term target of net leverage of less than 2.5x Net Debt / Adjusted EBITDA.
On November 24, 2023, to further strengthen its balance sheet, Global Blue entered into a new credit agreement consisting of a senior secured term loan (“term loan”) of €610.0 million and a senior secured revolving credit facility (“RCF”) of €97.5 million.

Prosus Accelerates Profitability Target and Delivers on Objectives

Retrieved on:

Wednesday, November 29, 2023

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points:

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
Strong performance by key investments:
Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Naspers Accelerates Profitability Target and Delivers on Objectives

Retrieved on:

Wednesday, November 29, 2023

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points:

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
Strong performance by key investments:
Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.