tencent holdings ltd (700) Snapshot

Tencent Holdings Limited (SEHK:700) will look for acquisitions. Tencent have expressed that it will continue to invest into new markets in the coming years.

Tencent demonstrated its Cloud Gaming Solution jointly developed by Tencent Cloud, Tencent WeTest and Intel at G-STAR 2018. In contrast to graphically intensive games that can only be played on high-end devices at present, cloud gaming powered by the Cloud Gaming Solution will enable end users to experience games with frictionless and direct play-ability across any connected device anytime and anywhere. Just by clicking the icon of the Cloud Gaming Platform, game players can enjoy well-made games on the cloud in an instant. Cloud gaming will take off in the gaming industry in the near future, especially for graphic-intensive online and mobile games. It helps reduce costs associated with game releases, updates and maintenance, and meet evolving needs of game players. Tencent Cloud, Tencent WeTest and Intel are collaborating to bring together their core capabilities to create leading cloud gaming solutions and to foster the development of a new gaming ecosystem. Leveraging its massive elastic computing resources that cover top-level network infrastructure and edge computing capability globally, Tencent Cloud provides vast game distribution channels with a set of cloud gaming solutions. Through an SDK (software development kit) and simple configurations, game companies can build a cloud gaming platform quickly and manage games promotion, version updates, data analysis and other tasks on the platform. In addition, the Cloud Gaming Solution is complemented by Tencent WeTest virtualization solutions that integrate Android virtualization, low latency video streaming, and multi-device transcoding capabilities. Built on the Intel Xeon® processor, the Cloud Gaming Solution also integrates the Intel Iris Pro® graphics card that offers unique cloud rendering and video transcoding technology and the Houdini command translation software package to provide cloud games with high-concurrency underlying solutions and to enable an enhanced experience for cloud game players. The joint Cloud Gaming Solution underlines Tencent's strength in promoting the innovation and development of technology in the global gaming industry. Tencent Cloud is committed to working with its partners to propel further development of the global gaming industry by bringing to life innovative solutions based on Tencent's extensive experience in providing gaming services, as well as by building an open, collaborative ecosystem together.

Sea Limited announced that Garena and an affiliate of Tencent Holdings Limited have signed a binding letter of intent under which Tencent will grant Garena a right of first refusal to publish Tencent's mobile and PC games in Indonesia, Taiwan, Thailand, the Philippines, Malaysia, and Singapore. The arrangement strengthens a long-standing strategic partnership between Garena and Tencent. Garena already publishes a number of the most successful games from Tencent's portfolio in its core markets, including Arena of Valor and League of Legends. Following the implementation of this arrangement, the two companies intend to work closely together to identify strategic opportunities to distribute and promote top titles from Tencent's portfolio in the relevant markets. The arrangement will be in force for a period of five years.