Shulou(Shulou.com)11/24 Report--

CTOnews.com November 17 news, Tencent yesterday released third-quarter results. According to the financial report, Tencent Holdings had revenue of 1400 yuan in the third quarter. 9.3 billion yuan, down 2% from the same period last year; the company's equity holders accounted for 399% of the profit. 4.3 billion yuan, an increase of 1% over the same period last year; net profit under non-international financial reporting standards was 322. 5.4 billion yuan, an increase of 2% over the same period last year.

In the first three quarters of this year, Tencent Holdings had revenue of 4095. 9.8 billion yuan, down 2% from the same period last year; the profit attributable to the company's equity holders was 819.9%. 7.5 billion yuan, down 37% from the same period last year; net profit under non-international financial reporting standards was 859. 3.8 billion yuan, down 13% from the same period last year.

Tencent Holdings executives responded to questions about forming a joint venture with Unicom at its third-quarter 2022 results meeting. "We do have a joint venture with China Unicom, which is very important," the executive said. "the two sides can explore content delivery networks (CDN) and edge computing capabilities, as well as do more development and serve more customers."

The executive added, "the business plans of both sides are still being worked on and the benefits are limited in the short term, but the establishment of a joint venture is a milestone that will make the resources and technology of both sides better applied. At the same time, no matter which company we work with, we are more concerned about what advantages the joint venture can bring."

CTOnews.com learned that according to the list of cases of unconditional approval of operator concentration from October 17 to October 23, 2022 published by the second Department of Anti-monopoly Law Enforcement of the State Administration of Market Supervision and Administration, the new joint venture case between Unicom Innovation Venture Capital Co., Ltd. (hereinafter referred to as: Unicom Venture Capital) and Shenzhen Tencent Industrial Venture Capital Co., Ltd. (hereinafter: Tencent Industrial Investment) was approved. The date of approval is October 18, 2022.

According to a previous summary case announcement by the State Administration of Market Supervision, the joint venture agreement was signed by Unicom Venture Capital and Tencent Industrial Capital, and the two sides plan to jointly set up a joint venture mainly engaged in content distribution network (CDN) and edge computing business. After the completion of the transaction, Unicom Venture Capital, Tencent Industrial Capital and the relevant employee shareholding platform will hold 48%, 42% and 10% of the joint venture respectively, and Unicom Venture Capital and Tencent Industrial Capital will jointly control the joint venture.

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