Companies of China

Sogou Ranks Top in DNS Challenge at Interspeech 2020

Friday, August 14, 2020 - 4:30am

BEIJING, Aug. 13, 2020 /PRNewswire/ -- Sogou Inc. (NYSE:SOGO) ("Sogou" or "the Company"), an innovator in search and a leader in China's internet industry, recently scores big wins partnering with Norhtwestern Polytechnical University, China in the Deep Noise Suppression (DNS) Challenge at Interspeech 2020.

Key Points: 
  • BEIJING, Aug. 13, 2020 /PRNewswire/ -- Sogou Inc. (NYSE:SOGO) ("Sogou" or "the Company"), an innovator in search and a leader in China's internet industry, recently scores big wins partnering with Norhtwestern Polytechnical University, China in the Deep Noise Suppression (DNS) Challenge at Interspeech 2020.
  • As the world's largest technical conference focused on speech processing and application, Interspeech 2020 enjoys extensive attention from industry authorities.
  • The joint research paper DCCRN: Deep Complex Convolution Recurrent Network for Phase-Aware Speech Enhancement has also been accepted by Interspeech 2020 and will be shared at the conference.
  • Sogou has a wide range of innovative products and services, including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC.

Tencent Music Entertainment Group and Kobalt Music Group Enter Strategic Licensing and Distribution Deal

Friday, August 14, 2020 - 4:00am

SHENZHEN,China, Aug. 13, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (TME) (NYSE: TME) and Kobalt Music Group announced they have officially reached a strategic cooperation to license and distribute the Kobalt publishing and AWAL recording catalogs on TME's streaming platforms.

Key Points: 
  • SHENZHEN,China, Aug. 13, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (TME) (NYSE: TME) and Kobalt Music Group announced they have officially reached a strategic cooperation to license and distribute the Kobalt publishing and AWAL recording catalogs on TME's streaming platforms.
  • Kobalt Music Group's content will now be available through TME's QQ Music, Kugou Music, Kuwo Music and Wesing.
  • "Innovation is in the DNA of both Tencent Music Entertainment and Kobalt," said Founder and Chairman of Kobalt Music Group, Willard Ahdritz.
  • Tencent Music Entertainment Group (NYSE: TME ) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing.

Suning.com Listed On Fortune Global 500 List for Fourth Consecutive Year

Thursday, August 13, 2020 - 7:48pm

NANJING, China, Aug. 13, 2020 /PRNewswire/ --Suning.com (002024.SZ), China's leading O2O smart retailer owned by Suning Holdings Group, has been featured on the Fortune Global 500 list for the fourth consecutive year since 2017.

Key Points: 
  • NANJING, China, Aug. 13, 2020 /PRNewswire/ --Suning.com (002024.SZ), China's leading O2O smart retailer owned by Suning Holdings Group, has been featured on the Fortune Global 500 list for the fourth consecutive year since 2017.
  • Suning.com was listed with an annual operating revenue of USD $38.97 billion.
  • The Fortune Global 500 is an annual list compiled and published by Fortune magazine, which ranks the world's leading 500 companies by revenue.
  • Suning, which ranks third in the top 500 Chinese private enterprises, is dedicated to serving more than 600 million customers worldwide with over 280 thousand employees.

Shandong Gold Appoints Canadian Mining Executive CEO of Streamers Gold

Thursday, August 13, 2020 - 1:00pm

TORONTO, Aug. 13, 2020 /CNW/ - Shandong Gold Mining (HongKong) Co. Ltd. (SDG-HK), a publicly listed mining corporation based in Hong Kong, today announced the appointment of Mark Wall as CEO of Streamers Gold Mining Corporation Limited, its wholly owned subsidiary.

Key Points: 
  • TORONTO, Aug. 13, 2020 /CNW/ - Shandong Gold Mining (HongKong) Co. Ltd. (SDG-HK), a publicly listed mining corporation based in Hong Kong, today announced the appointment of Mark Wall as CEO of Streamers Gold Mining Corporation Limited, its wholly owned subsidiary.
  • Streamers, SDG-HK and Shandong Gold, act together as one group in respect of the acquisition of TMAC Resources Ltd., the owner of the Hope Bay mining project in Nunavut.
  • "I know Shandong Gold very well and welcome the chance to lead the team that is focused on creating value at Hope Bay for all stakeholders.
  • SD GOLD Group directly and indirectly hold in aggregate approximately 47% of the total issued shares of SD GOLD, SD GOLD Group, in turn, is owned by the government of the province of Shandong, China.

Tencent Announces 2020 Second Quarter and Interim Results

Wednesday, August 12, 2020 - 10:50am

In the second quarter, we launched a strategy game, Chess Rush; an action game based on a popular anime IP, The Outcast; and Supercell's Brawl Stars.

Key Points: 
  • In the second quarter, we launched a strategy game, Chess Rush; an action game based on a popular anime IP, The Outcast; and Supercell's Brawl Stars.
  • Valorant was the most watched game globally on Twitch during the second quarter, reflecting the game's instant appeal to immersive action game players.
  • Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry.
  • Shares of Tencent (00700.HK) are listed on the Main Board of the Stock Exchange of Hong Kong.

Sogou Announces Appointment of Independent Financial Advisor

Tuesday, August 11, 2020 - 2:18pm

BEIJING, Aug. 11, 2020 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) ("Sogou" or the "Company"), an innovator in search and a leader in China's internet industry, today announced that the special committee (the "Special Committee") of the board of directors of the Company (the "Board") has retained Duff& Phelps, LLCas its independent financial advisor.

Key Points: 
  • BEIJING, Aug. 11, 2020 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) ("Sogou" or the "Company"), an innovator in search and a leader in China's internet industry, today announced that the special committee (the "Special Committee") of the board of directors of the Company (the "Board") has retained Duff& Phelps, LLCas its independent financial advisor.
  • Sogou Inc. (NYSE: SOGO) is an innovator in search and a leader inChina'sinternet industry.
  • Sogou has a wide range of innovative products and services, including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC.
  • Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&A, which have been successfully integrated into our products and services.

Tencent Music Entertainment Group and Universal Music Group Agree to Multi-Year Licensing Agreement Extension and Establishment of New Joint Venture Music Label in China

Monday, August 10, 2020 - 9:00pm

SHENZHEN and LONDON, Aug. 10, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (TencentMusic or TME, NYSE: TME), the leading online music entertainment platform in China and Universal Music Group (UMG), the world leader in music-based entertainment, today announced a multi-year extension of their licensing agreement.

Key Points: 
  • SHENZHEN and LONDON, Aug. 10, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (TencentMusic or TME, NYSE: TME), the leading online music entertainment platform in China and Universal Music Group (UMG), the world leader in music-based entertainment, today announced a multi-year extension of their licensing agreement.
  • These platforms include QQ Music, Kugou Music and Kuwo Music.
  • The two companies have also collaborated on music product innovations, including online music shows and videos, to provide users with a first-class online music entertainment experience in China.
  • Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries.

Huya Announces Receipt of Preliminary Non-Binding Proposal from Tencent

Monday, August 10, 2020 - 12:14pm

Tencent Holdings Limited, through its affiliates (collectively, "Tencent" or "we"), owns approximately 36.9% of the total issued and outstanding share capital of Huya, Inc. ("Huya"), representing 50.9% of Huya's total voting power.

Key Points: 
  • Tencent Holdings Limited, through its affiliates (collectively, "Tencent" or "we"), owns approximately 36.9% of the total issued and outstanding share capital of Huya, Inc. ("Huya"), representing 50.9% of Huya's total voting power.
  • [2] We are writing today to propose that you consider a strategic combination of Huya and DouYu, which we believe represents a compelling value creation opportunity for both companies.
  • We set out below for your consideration the principal terms and conditions upon which Tencent is prepared to support and participate in the Transaction.
  • Should you have any questions regarding this proposal, please do not hesitate to contact us.We look forward to hearing from you.

DouYu Announces Receipt of Preliminary Non-Binding Proposal from Tencent for Strategic Combination of DouYu and Huya

Monday, August 10, 2020 - 12:00pm

[1] We are also the largest shareholder of DouYu International Holdings Limited ("DouYu"), holding approximately 38.0% of the total issued and outstanding share capital and voting power of DouYu.

Key Points: 
  • [1] We are also the largest shareholder of DouYu International Holdings Limited ("DouYu"), holding approximately 38.0% of the total issued and outstanding share capital and voting power of DouYu.
  • [2] We are writing today to propose that you consider a strategic combination of Huya and DouYu, which we believe represents a compelling value creation opportunity for both companies.
  • We set out below for your consideration the principal terms and conditions upon which Tencent is prepared to support and participate in the Transaction.
  • Given the all-stock nature of the Transaction, the consummation of the Transaction would not be subject to any financing contingency.

JOYY Inc. Announces Transfer of Shares of HUYA Inc. to Tencent

Monday, August 10, 2020 - 12:00pm

GUANGZHOU, China, Aug. 10, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (JOYY or the Company), a global video-based social media platform, today announced that, JOYY has entered into a definitive share transfer agreement with Linen Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited (Tencent), pursuant to which JOYY will transfer 30,000,000 Class B ordinary shares of HUYA Inc. (NYSE: HUYA) (Huya), a leading game live streaming platform in China, to Tencent for an aggregate purchase price of US$810.0 million in cash.

Key Points: 
  • GUANGZHOU, China, Aug. 10, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (JOYY or the Company), a global video-based social media platform, today announced that, JOYY has entered into a definitive share transfer agreement with Linen Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited (Tencent), pursuant to which JOYY will transfer 30,000,000 Class B ordinary shares of HUYA Inc. (NYSE: HUYA) (Huya), a leading game live streaming platform in China, to Tencent for an aggregate purchase price of US$810.0 million in cash.
  • JOYY Inc. is a global video-based social media platform.
  • JOYY enables users to interact with each other in real time through online live media and offers users a uniquely engaging and immersive entertainment experience.
  • JOYY owns YY Live, a leading live streaming social media platform in China.