Financials / Deals

Tencent reports 48 percent rise in revenues, invests in photo app

The internet and ecommerce giant Tencent Holdings Ltd., China’s largest internet company by market cap, has released its 2016 annual financial report. Tencent operates the massively popular Tencent QQ and Weixin portals in China, in addition to going live with its own stuff marketplace, Xianbei, in mid-2016. The company reported a net profit of 41.45 billion RMB ($6 billion US) for 2016, up 42 percent...

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Seek increases stake in OES to 80 percent

Seek increases stake in OES to 80 percent

Global recruitment platform Seek lifted its stake in Online Education Services (OES), its joint venture with Swinburne University, from 50 to 80 percent, as the company eyes global expansion.

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