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Tencent Technology Shenzhen adds new real estate business, insiders: internal park project needs

2025-01-15 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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

CTOnews.com July 26 news, Tencent Technology (Shenzhen) Co., Ltd. has undergone industrial and commercial changes, business scope, licensed projects new real estate development and operation, general business projects new non-residential real estate leases.

In response, Tencent insiders said that the purpose of Tencent's application to supplement the business scope of real estate development and leasing is not to carry out real estate business in a general sense, but to meet the business needs in the development process of the Dachan Bay project, a new park under construction, according to the Financial Associated Press. The Dachan Bay project takes Tencent's own industrial park as its core, and at the same time, it will also set up some public supporting facilities, such as office property, conference center, commerce, and so on. The development and operation of these ancillary facilities involve external operation, so it is necessary to supplement relevant qualifications in accordance with laws and regulations.

It is reported that the company was founded in February 2000 with a registered capital of 2 million US dollars and Ma Huateng as its legal representative, chairman and general manager. Shareholder information shows that the company is wholly owned by Zhongba Group Co., Ltd., which is registered in Hong Kong. According to public information, Zhongba Group Co., Ltd. is wholly owned by Tencent Holdings Limited.

CTOnews.com noted that Tencent's net profit fell 19% from last year, but still ranked sixth with a net profit of more than $27.9 billion, according to the 2023 Fortune China 500s list released recently.

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