Nanshan District, Shenzhen

VIPKid’s Dami Wangxiao Raises $80 Million in Series A Financing Led by Tencent Investment, Sequoia Capital China and Hammer Capital

Retrieved on: 
Friday, January 10, 2020
Primary, Secondary, Preschool, Education, Technology, Software, Other Education, Internet, Companies, Economy of China, Nanshan District, Shenzhen, RSS, Tencent

VIPKid, one of the worlds leading education technology companies announced that its Dami Wangxiao (Dami Online School) brand has completed an $80 million Series A financing round led by Tencent Investment, Sequoia Capital China and Hammer Capital.

Key Points: 
  • VIPKid, one of the worlds leading education technology companies announced that its Dami Wangxiao (Dami Online School) brand has completed an $80 million Series A financing round led by Tencent Investment, Sequoia Capital China and Hammer Capital.
  • Dami Wangxiaos new online classroom model will offer live-streaming courses on English and mathematics to primary school and higher grade students.
  • Tencent Investment, Sequoia Capital China, and Hammer Capital jointly led the $80 million Series A investment round.
  • As an investor, Tencent is optimistic about the future of VIPKid and its product Dami Wangxiao.

Axion Announces First International Publishing Deal for Flagship Game 'Rising Fire' with Axeso5 Throughout 21 Countries in Latin America

Retrieved on: 
Tuesday, January 7, 2020
Companies, Nanshan District, Shenzhen, RSS, Tencent, Economy of China, Latin America

Under this partnership, Rising Fire will be made available in Spanish and Portuguese to a registered user base of over 14 million active gamers throughout 21 countries in Latin America.

Key Points: 
  • Under this partnership, Rising Fire will be made available in Spanish and Portuguese to a registered user base of over 14 million active gamers throughout 21 countries in Latin America.
  • With its gorgeous sci-fi themed environments and beautifully rendered characters, Rising Fire is sure to be a tremendous success in Latin America.
  • Axeso5 has an extensive billing network in Latin America and our players are eagerly anticipating playing Rising Fire in their local languages with their local currencies."
  • Axion Games' latest title "Rising Fire" was selected by Tencent to be published as the flagship title for 2017 in China.

Tencent-Led Consortium and Vivendi Sign Agreement on UMG Investment

Retrieved on: 
Tuesday, December 31, 2019
Companies, Record labels, Video game publishers, Nanshan District, Shenzhen, RSS, Tencent, Vivendi, Universal Music Group

HONG KONG, Dec. 31, 2019 /PRNewswire/ -- Tencent Holdings Limited (00700.HK, "Tencent") announced that a Tencent-led consortium (the "Consortium") and Vivendi S.A. (VIV.PA, "Vivendi") today signed a share purchase agreement for the Consortium to acquire a 10% equity stake in Universal Music Group ("UMG") from Vivendi, at an enterprise value of EUR30 billion (the "Transaction").

Key Points: 
  • HONG KONG, Dec. 31, 2019 /PRNewswire/ -- Tencent Holdings Limited (00700.HK, "Tencent") announced that a Tencent-led consortium (the "Consortium") and Vivendi S.A. (VIV.PA, "Vivendi") today signed a share purchase agreement for the Consortium to acquire a 10% equity stake in Universal Music Group ("UMG") from Vivendi, at an enterprise value of EUR30 billion (the "Transaction").
  • The Tencent-led Consortium is joined by Tencent Music Entertainment Group (NYSE: TME, "Tencent Music") and certain global financial investors.
  • Until January 15, 2021, the Consortium has the option to acquire up to an additional 10% equity stake in UMG at the same enterprise value as in the Transaction.
  • Tencent and the Consortium members are excited to support UMG's growth through this investment.

Entering a New Decade With TeachMeCash: Global Brands Pay for People's Opinions

Retrieved on: 
Friday, December 27, 2019
Technology, Professional services, Other Technology, Finance, Companies, Economy of China, Nanshan District, Shenzhen, RSS, Tencent, Medtech, B

View the full release here: https://www.businesswire.com/news/home/20191226005112/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20191226005112/en/
    Illia Danylenko, the CEO of TeachMeCash, holds a speech at KOL Summit 2019 in Beijing.
  • Brands are ready to pay for the real opinions of potential customers to take leading positions in the market.
  • To achieve this goal, the company collaborates with globally-known brands Tencent, TAL, and others; conducts regular surveys of customers who are paid for their opinions.
  • The company is negotiating with brands in Fintech, Medtech, Game to help industries grow and clients earn with their opinions.

ZWC's Inaugural Cross Border Summit brings together Tencent's HR mastermind Prof. Arthur Yeung & Sea Group CEO Forrest Li

Retrieved on: 
Monday, December 23, 2019
Economy of China, Companies, Nanshan District, Shenzhen, RSS, Tencent, DiDi, Ma Huateng

Arthur Yeung: Reinventing the Organization, which is also highly recommended by many successful entrepreneurs, such as Pony Ma (Core founder, Chairman & CEO, Tencent), Will Cheng (Founder, Chairman & CEO, Didi) and Richard Liu (Founder, Chairman & CEO, JD).

Key Points: 
  • Arthur Yeung: Reinventing the Organization, which is also highly recommended by many successful entrepreneurs, such as Pony Ma (Core founder, Chairman & CEO, Tencent), Will Cheng (Founder, Chairman & CEO, Didi) and Richard Liu (Founder, Chairman & CEO, JD).
  • Number one is really building up.You have to be in that connector to have put a team together.
  • We have setup local team in both Singapore and Jakarta, enabling direct access to market and dynamic interactions with portfolios.
  • Prof. Arthur Yeung's HR advisory also value add our portfolios in all spectrum of organization management including organization structure, talent recruitment and training, etc.

ZWC's Inaugural Cross Border Summit brings together Tencent's HR mastermind Prof. Arthur Yeung & Sea Group CEO Forrest Li

Retrieved on: 
Monday, December 23, 2019
Economy of China, Companies, Nanshan District, Shenzhen, RSS, Tencent, DiDi, Ma Huateng

Arthur Yeung: Reinventing the Organization, which is also highly recommended by many successful entrepreneurs, such as Pony Ma (Core founder, Chairman & CEO, Tencent), Will Cheng (Founder, Chairman & CEO, Didi) and Richard Liu (Founder, Chairman & CEO, JD).

Key Points: 
  • Arthur Yeung: Reinventing the Organization, which is also highly recommended by many successful entrepreneurs, such as Pony Ma (Core founder, Chairman & CEO, Tencent), Will Cheng (Founder, Chairman & CEO, Didi) and Richard Liu (Founder, Chairman & CEO, JD).
  • Number one is really building up.You have to be in that connector to have put a team together.
  • We have setup local team in both Singapore and Jakarta, enabling direct access to market and dynamic interactions with portfolios.
  • Prof. Arthur Yeung's HR advisory also value add our portfolios in all spectrum of organization management including organization structure, talent recruitment and training, etc.

Satellogic Announces $50M in Funding from New and Existing Investors

Retrieved on: 
Thursday, December 19, 2019
Aerospace, Manufacturing, Satellite, Other Manufacturing, Technology, Companies, Nanshan District, Shenzhen, RSS, Tencent, Economy of China

Satellogic , the first company to develop a scalable earth observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, today announced $50M in funding from new and existing investors.

Key Points: 
  • Satellogic , the first company to develop a scalable earth observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, today announced $50M in funding from new and existing investors.
  • Existing investors, including Tencent and Pitanga, contributed approximately 40% of the $50M in newly announced funding, with some existing investors requesting more than their pro rata share.
  • Pitanga, also based in the Latin American region, invests in innovative companies with high growth potential and is among the existing investors contributing to Satellogics newly announced funding.
  • Its exciting to know that our investors, new and existing, are there to support us as we enter this next wave of commercialization.

Tencent's Insurance Platform, WeSure, Featured in Fintech Power 50 for 2020

Retrieved on: 
Wednesday, December 18, 2019
Companies, Economy of China, Nanshan District, Shenzhen, RSS, Tencent, Ping An Insurance, WeChat, Instant messaging, Taikang

WeSure was one of only three Asian companies in the 2020 cohort, along with another two fintech service companies OneConnect and Wing Money.

Key Points: 
  • WeSure was one of only three Asian companies in the 2020 cohort, along with another two fintech service companies OneConnect and Wing Money.
  • WeChat is regarded as "the app for everything" with comprehensivefunctionalities including instant messaging, online shopping, mobile banking-- and now, insurance services.
  • WeSure is strategically selective with partners and products, choosing only to work with the top 15% of Chinese insurance companies, including PICC, Ping An Insurance and Taikang Insurance Group.
  • Leveraging Tencent's strengths of data-driven and social connection, WeSure works with well-known insurance companies to provide users with high-quality insurance services.

Alibaba and OneConnect take the top two positions in Blockchain Patents list and file IPO prospectuses on the same day

Retrieved on: 
Tuesday, November 26, 2019
Companies, Economy of China, Nanshan District, Shenzhen, RSS, Tencent, Baidu, WeBank, Alibaba Group, China Unicom, China, Financial technology

SHENZHEN, China, Nov. 25, 2019 /PRNewswire/ -- On the afternoon of November 18, BlockData released China Blockchain Patents Report 2019 and the Comprehensive Strength list of China's Blockchain Patents 2019.

Key Points: 
  • SHENZHEN, China, Nov. 25, 2019 /PRNewswire/ -- On the afternoon of November 18, BlockData released China Blockchain Patents Report 2019 and the Comprehensive Strength list of China's Blockchain Patents 2019.
  • Alibaba ranked first in the list, while OneConnect and China Unicom took second and third place, respectively.
  • In an accompanying ranking by strength ofblockchain patents specifically in the fintech field, OneConnect topped the list, followed by Ping An Technology, Hangzhou Fuzamei Technology,Launch Tech, Baidu, Tencent Technology and WeBank.
  • OneConnect topped the list in the accompanying ranking by strength ofblockchain patents specifically in the fintech field released by BlockData.

DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tencent Music Entertainment Group and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, November 23, 2019
Legal, Professional services, Companies, Financial markets, Finance, Nanshan District, Shenzhen, RSS, Tencent, Universal Music Group, Security, American depositary receipt, Bloomberg L.P.

Investors have until November 25, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until November 25, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • On August 27, 2019, Bloomberg reported that the State Administration of Market Regulation, Chinas antitrust authority, was investigating exclusive licensing deals between Tencent Music and major record labels including Universal Music Group, Sony Music Entertainment, and Warner Music Group.
  • On this news, Tencent Musics American depositary share price fell $0.92 per share, or 6.83%, to close at $12.57 per share on August 27, 2019.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.