Arab Today, arab today tencent\s dianping investment is credit positive
Last Updated : GMT 01:27:57
Arab Today, arab today
Arab Today, arab today

Tencent\'s Dianping investment is credit positive

Arab Today, arab today

Arab Today, arab today Tencent\'s Dianping investment is credit positive

Beijing - XINHUA

Tencent's acquisition of 20 percent equity in China's lifestyle and group buying website Dianping.com is credit positive, Moody's Investors Service said Friday in a statement. Tencent, listed in Hong Kong, announced on Wednesday that it had purchased 20 percent of Dianping.com. The two companies will integrate Dianping's content, user base and offline retailer network with Tencent's social communications platforms, such as QQ and Wechat, to build an online-to-offline service. Tencent did not disclose the cost of the transaction, but China Business News reported on Monday that the company had paid 400 million U.S. dollars. Tencent is one of the largest providers of Internet services in China. It operates leading social networking services, online portals and online game platforms -- generating 44 billion yuan (7.2 billion U.S. dollars) in revenue in 2012. Dianping.com is one of China's largest providers of online information on local lifestyle including restaurants ratings and reviews, group buying, and take-out ordering services. "Because the investment in Dianping enhances Tencent's product offerings and reinforces the user stickiness of its platforms, it is a positive step towards Tencent's further monetization of its online applications," said Moody's senior analyst Lina Choi. Moody's said Tencent can direct its large user base towards Dianping's website and applications, thereby promoting the latter's information services, such as restaurant listings. In addition, Tencent's online payment solution -- available on the Wechat application -- can facilitate transactions when users spend at the recommended restaurants, Moody's said. "Moreover, Dianping will provide Tencent data on user preferences and consumption patterns, which in turn will lead to other sources of revenue such as targeted advertising," Choi added. The investment in Dianping is the latest in a series of investments that Tencent has made in the last 12 months, in an attempt to build a comprehensive platform that encourages its large online user base to access offline information and make purchases. In December of 2013, Tencent invested in Didi Taxi, a taxi reservation service. Earlier this month, Tencent reached a cooperation agreement with Beijing Wangfujing Department Store, to leverage its online traffic to promote offline purchases. "Tencent can fund the investment in Dianping from its internal financial resources. Because there is no need to raise debt, the investment will have no impact on Tencent's Baa1 issuer rating and positive outlook," Choi said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tencent\s dianping investment is credit positive Arab Today, arab today tencent\s dianping investment is credit positive

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday