India: Tencent has first right to buy in future Flipkart share sale

India: Tencent has first right to buy in future Flipkart share sale

US-based retail giant Walmart has announced that Flipkart’s minority shareholder Tencent would have the first “right to purchase” if any shareholder of the Indian e-commerce firm sells “any shares or other equity securities to Alibaba.” Flipkart’s investors would have to give “written notice of at least five business days prior” to Tencent for such transfer […]

US: Google in talks with Tencent, others for cloud services in China

US: Google in talks with Tencent, others for cloud services in China

Alphabet’s Google is in talks with Tencent Holdings, Inspur Group, and other Chinese companies to offer its cloud services in the mainland, Bloomberg reported on Friday, August 3, citing people familiar with the discussions. The talks reportedly began in early 2018 and the internet giant narrowed partnership candidates to three firms in late March. It […]

China: Alibaba & Tencent look to buy minority stake in WPP

China: Alibaba & Tencent look to buy minority stake in WPP

Alibaba, Tencent, and venture capital firm China Media Capital Holdings (CMC) are in the early stage of discussions to buy around 20% of WPP China. The deal would see WPP pool its Chinese agency operations into a new holding company, before the consortium would acquire equal shareholdings in the new company. WPP would keep overall […]

The 3Q case and the abuse of dominance analysis under China’s Anti-Monopoly Law

Yong Huang and Xin Zhang, March 20, 2016 On March 20, 2013, the Higher People’s Court of Guangdong Province gave its judgment on the case of abuse of market dominance of Beijing Qihoo Technology Co., Ltd. (“Qihoo”) vs. Tencent Technology (Shenzhen) Co., Ltd. and Shenzhen Tencent Computer System Co., Ltd. (collectively referred to as “Tencent”) […]

Relevant Market Definition and Market Dominance Identification

Huang Wei & Han Guizhen, March 20, 2016 The appellate dispute between Qihoo 360 Technology Co. Ltd. (“Qihoo”) and Tencent Holdings Limited (“Tencent”) regarding Tencent’s alleged abuse of market dominance was the first antitrust case ever tried by the China Supreme People’s Court (“CSPC”) and was also the longest-ever hearing held by CSPC so far, lasting […]