That could be an interesting follow-up to Amazon’s announcement. The company is reportedly working on a “Prime Music” service that would allow subscribers to its free shipping service to stream songs for free.
Tencent, which is trying to transform itself from a consumer-oriented social and gaming firm to an enterprise service provider, said in a statement it had secured partnership agreements with 21 automakers including BMW, Mercedes-Benz and Audi to roll out solutions for connected cars on 45 models, according to Reuters.
Teresa Zhuge, executive vice-chairman of GLP China, said the government's master plan for the Hainan free trade port will lay a great foundation for sustained economic growth for the island.
Tencent, owner of the popular and ubiquitous social media WeChat super-app, has bought shares in the past in leading Western companies like Spotify, Tesla and Epic Games.
Tesla's cash position fell from .7 billion to .2 billion, mainly due to a 0-million repayment of convertible notes, of which 8 million negatively impacted operating cash flow.
That market in the US was worth billion last year.
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That has dwarfed the number of beds at nursing homes and other eldercare institutions, despite rapid progress.
Tesla has decided not to renew a residential sales agreement with Home Depot, and would focus instead on selling its solar products through its own stores and website, he said.
That amount does not cover infrastructure investment.
That growing level of user stickiness is eroding the dominance of China's tech duos, Tencent and Alibaba Group Holding Ltd, which boasts 552 million active users on its Taobao and Tmall online shopping spaces.