Tencent Says Has Shuttered Online-Education, E-commerce Units

Aug 17 (Reuters) - Tencent Holdings Ltd (0700.HK) :

• TENCENT PRESIDENT: COMPANY HAS SHUTTERED UNITS IN ONLINE EDUCATION, E-COMMERCE AND GAME LIVE-STREAMING

• TENCENT PRESIDENT: WECHAT’S VIDEO ACCOUNTS WILL BOOST ADVERTISEMENT SALES AND BECOME BIG REVENUE DRIVE FOR COMPANY

• TENCENT CHIEF STRATEGY OFFICER: VIDEO ACCOUNTS NOW ACCOUNT FOR 80% TIME SPENT ON WEIXIN MOMENTS

• TENCENT PRESIDENT: CHINA HAS ISSUED NO NEW REGULATION THIS YEAR MATERIALLY DETRIMENTAL TO THE INDUSTRY

• TENCENT CHIEF STRATEGY OFFICER: COMPANY CAN RETURN TO YEAR-ON-YEAR EARNINGS GROWTH EVEN IF MACRO ECONOMY REMAINS WEAK

• TENCENT CHIEF STRATEGY OFFICER: COMPANY CAN RETURN TO EARNINGS GROWTH EVEN WITH GAMING GROWTH BEING SOFT

• TENCENT CHIEF STRATEGY OFFICER: CHINA’S REGULATIONS CAUSE BIG E-COMMERCE COMPANIES TO SPEND MORE ON TENCENT’S PLATFORMS

• TENCENT CHIEF STRATEGY OFFICER: REPORT ON MEITUAN DIVESTITURE WAS “NOT ACCURATE”

• TENCENT CHIEF STRATEGY OFFICER: COMPANY HAS GOOD RELATIONSHIP WITH JD AND SEA DESPITE SHARPLY REDUCING STAKES

• TENCENT CHIEF STRATEGY OFFICER: INVESTMENT PORTFOLIO WORTH $90 BILLION MARKET VALUE

• TENCENT CHIEF STRATEGY OFFICER: PRIVATE INVESTMENT PORTFOLIO HAS BOOK VALUE OVER $50 BILLION

• TENCENT CHIEF STRATEGY OFFICER: COMPANY FOCUSES ON RETURNING CAPITAL TO SHAREHOLDERS AND SHARE PRICE IS “VERY UNDERVALUED”

• TENCENT CHIEF STRATEGY OFFICER: COMPANY REMAINS ACTIVE IN ACQUIRING NEW GAME STUDIOS OUTSIDE CHINA

• TENCENT PRESIDENT SAYS COMPANY IS STILL WORKING WITH REGULATORS ON “FINANCIAL HOLDING COMPANY” LICENSE

• TENCENT PRESIDENT SAYS WHETHER FINANCIAL HOLDING COMPANY LICENSE CAN BE OBTAINED WILL NOT “HAVE A MAJOR IMPACT” ON ITS BUSINESS Further company coverage: (0700.HK)