Tencent sued for patent infringement

Business | Dominique Nguy, Reuters andBloomberg 3 Mar 2017

Technology giant Tencent Holdings (0700) was sued by Gmedia Technology in Hong Kong and in the mainland over the use of two dimensional code technology in its WeChat products.

Gmedia filed legal proceedings against Tencent in Hong Kong's High Court and asked the tech giant to stop its patent-infringing activities.

Gmedia did not specify the amount of compensation it was seeking, but said Tencent now had a big user base.

Gmedia said it wanted to defend its rights but also hoped to discuss cooperation with Tencent.

Meanwhile, Lenovo Group said yesterday that it would sell all its 49 percent stake in a China property joint venture to Sunac China Holdings for 1.62 billion yuan (HK$1.83 billion), raising capital to fund operations and investments.

Last month, he said that Lenovo's mobile division was on track to return to profit by December at the earliest, helped by strong growth in overseas markets after the firm posted a 67 percent drop in quarterly earnings.

Separately, Dalian Wanda Group and China UnionPay are planning to collaborate on mobile payment apps, as the conglomerate led by billionaire Wang Jianlin looks to revitalize its online business after a tie-up with China's top internet companies collapsed.

Wanda and UnionPay will develop a UnionPay cardholder service system and payment applications such as UnionPay QuickPass, which will be available in Wanda properties including supermarkets, theaters, hotels, theme parks and hospitals, Wanda said yesterday.

As part of the alliance, UnionPay will acquire a stake in Wanda Internet Technology Group. The effort could put Wanda and UnionPay in competition with entrenched payment platforms like Alibaba Group Holding affiliate Alipay and Tencent Holdings' WeChat Pay.

The partnership also comes after plans for Wanda's cooperation with Baidu, China's most-used search service, and Tencent, the country's biggest internet company, failed to materialize.

Search Archive

Advanced Search
November 2020

Today's Standard