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Changan Automobile-Tencent JV Develops Car Networking Platform
 

CHANGAN AUTOMOBILE (000625.SZ) announced that it proposed to increase capital of RMB98 million in its wholly owned subsidiary . The subsidiary will then contribute RMB98 million for a JV with a company  of TENCENT, which will also contribute RMB102 million in the JV. The shareholding of the two companies in the JV was 49% and 51% respectively.

The JV is principally engaged in the development of car networking platform and big data analysis. 

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