tencent holdings ltd (700) Snapshot

Tencent Holdings Limited announced cash flows result for the six months ended June 30, 2018. For the period, the company reported net cash flows generated from operating activities was RMB 41,403 million compared to RMB 47,082 million a year ago.

Brave Bison Group plc has agreed a distribution partnership with Tencent Holdings Limited. The partnership will give Brave Bison access to over 1.5 billion Chinese viewers. Tencent owns WeChat, China's leading messaging, payments and social media app which has one billion monthly active users. Brave Bison will be supplying Tencent with licensed video content from Western-based creators suitable for the Chinese audience, opening up a previously inaccessible market for many content creators.

Square Enix Holdings Co., Ltd. announced that the company and Tencent Holdings Limited have signed a letter of intent to create a strategic alliance between the high-quality content provider and the mega internet service provider. Square Enix Group is making tireless efforts to offer unique content experiences to its fans all over the world through multifaceted business deployment. Square Enix Group will be accelerating these business development efforts to enhance its content services worldwide through this strategic alliance with Tencent Group. Outcomes of this newly created alliance include the establishment of a joint-venture company, co-development of AAA titles based on new intellectual properties, the licensing of existing intellectual properties, and more.