A trade name , trading name , or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name . Registering the fictitious name with a relevant government body is often required.
109-679: Hon Hai Precision Industry Co., Ltd. ( 鴻海精密工業股份有限公司 ), doing business as Hon Hai Technology Group ( 鴻海科技集團 ) in Taiwan, Foxconn Technology Group ( 富士康科技集团 ) in Mainland China, and Foxconn ( 富士康 ) internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng District , New Taipei City, Taiwan. In 2023, the company's annual revenue reached 6.16 trillion New Taiwan dollars ( US$ 192 billion ) and
218-526: A ransomware attack in late May, disrupting production. The facility affected was located in Tijuana , Baja California and specializes in the production of consumer electronics, medical devices, and industrial products. The company invested $ 377 million in June 2014 to pick up a 4.9 percent shareholding in a South Korean IT services provider, SK C&C . Foxconn announced on 26 July 2017 that it would build
327-468: A social media app . Now branded as WeChat, the app is one of the "super apps", due to its wide range of functions and platforms, and its over 1 billion monthly active users. On 18 February 2011, Tencent acquired a majority of equity interest (92.78%) in Riot Games , developer of League of Legends , for about US$ 230 million. Tencent had already held 22.34% of the equity interest out of
436-523: A "smart interactive television service" in a joint effort with TCL . In 2015, Tencent launched Tencent Pictures (Chinese: 腾讯影业 ), a film distributor and a production company that creates and distributes films based on books , comic books , animated series and video games . In the same year, Tencent launched Tencent Penguin Pictures (Chinese: 腾讯企鹅影视 ) a production unit focusing on online dramas and minor investments in feature films. It
545-405: A $ 10 billion TV manufacturing plant in southeastern Wisconsin and would initially employ 3,000 workers (set to increase to 13,000). As part of the agreement, Foxconn was set to receive subsidies ranging from $ 3 billion to $ 4.8 billion (paid in increments if Foxconn met certain targets), which would be by far the largest subsidy ever given to a foreign firm in U.S. history. Some estimate that Foxconn
654-605: A 15% decrease in advertising revenue. The decline was attributed to the pandemic and tighter regulations imposed by the Chinese government. In September 2022, Tencent acquired a 49.9% stake and 5% voting rights in Guillemot Brothers Limited, Ubisoft 's parent company. On 16 September 2022, Tencent took a minority stake in Mordhau studio Triternion. In November 2022, Tencent announced that it would divest
763-466: A 15% stake in Chinese e-commerce website JD.com Inc. by paying cash and handing over its e-commerce businesses Paipai, QQ Wanggou and a stake in Yixun to JD.com to build a stronger competitor to Alibaba Group . On 22 May 2014, JD.com got listed on NASDAQ and Tencent expanded its stake in the company to 17.43% on a fully diluted basis by investing an additional US$ 1,325 million. On 27 March 2014, it
872-604: A 5% stake in Tesla for US$ 1.78 billion, the automotive control systems of which it subsequently successfully performed penetration-testing until 2019. In a "direct challenge to Chinese search engine Baidu ," in May 2017, Tencent entered news feed and search functions for its WeChat app, which the Financial Times reported was used by 770 million people at the time. In May 2017, Tencent surpassed Wells Fargo to enter
981-606: A 7% stake in lottery technology firm China LotSynergy Holdings Ltd for HKD 445.5 million (US$ 57.4 million). On 23 October 2014, Tencent pitched in $ 145 million for a 10 per cent stake in Koudai Gouwu, a Chinese mobile shopping portal. In November 2014, the company announced a deal with HBO which would give it exclusive rights for distribution in China. On 9 December 2014, Chinese taxi-hailing app Didi Dache announced that it had raised more than $ 700 million in
1090-495: A Covid outbreak at Zhengzhou Technology Park, Foxconn imposed restrictions on its iPhone assembly plant, with dine-in meal facilities closed. On 31 October 2022, after policies intended to control a Covid outbreak prevented workers from leaving the complex, many workers jumped the fence in order to escape. On 2 November 2022, the government imposed the lockdown to the Zhengzhou Airport Economy Zone , where
1199-420: A DBA must be registered with a local or state government, or both, depending on the jurisdiction. For example, California, Texas and Virginia require a DBA to be registered with each county (or independent city in the case of Virginia) where the owner does business. Maryland and Colorado have DBAs registered with a state agency. Virginia also requires corporations and LLCs to file a copy of their registration with
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#17327834260111308-467: A DBA statement, though names including the first and last name of the owner may be accepted. This also reduces the possibility of two local businesses operating under the same name, although some jurisdictions do not provide exclusivity for a name, or may allow more than one party to register the same name. Note, though, that this is not a substitute for filing a trademark application. A DBA filing carries no legal weight in establishing trademark rights. In
1417-552: A Macronix 6-inch Wafer Fab for US$ 90.8mn. In February 2022, Foxconn formed a joint venture company with Vedanta Limited , one of India's leading multinational groups, to manufacture semiconductors in India. Foxconn dropped out of the deal in July 2023. In April 2022, it was announced Foxconn had acquired the wireless telecommunications company, arQana Technologies – with the new organization being rebranded as "iCana". Foxconn also announced
1526-516: A businessperson writes a trade name on a contract, invoice, or cheque, they must also add the legal name of the business. Numbered companies will very often operate as something other than their legal name, which is unrecognizable to the public. In Chile , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Ireland , businesses are legally required to register business names where these differ from
1635-483: A decision to quit the project, citing a number of issues with Vedanta Group as well as including external ones. In August 2023, during its annual meeting, Foxconn reportedly stated that India at present accounts for more than 5% of the company's business and there is ample space for future investments. Foxconn has set a target to employ 2 million jobs and meet India's target of exporting mobile phones worth $ 10 billion, both by 2030. To meet these targets, as of September 2023,
1744-411: A dedicated CCP member activity area of more than 6,000 square meters. More than 1 million yuan is allocated for CCP activities per year. In 2016, Tencent, together with Foxconn and luxury-car dealer Harmony New Energy Auto founded Future Mobility , a car startup (now defunct) that aimed to sell all-electric fully autonomous premium cars. On 28 March 2017, Tesla, Inc. announced Tencent had purchased
1853-589: A facility in San Jerónimo, Chihuahua that assembles computers, and two facilities in Juárez – a former Motorola production base that manufactures mobile phones, and a set-top box factory acquired from Cisco Systems . LCD televisions are also made in the country in Tijuana at a plant acquired from Sony. On June 2, 2022, Foxconn announced that their Mexico-based production plant had been hit by
1962-498: A funding round led by Tencent and Singaporean state investment firm Temasek Holdings. On 29 December 2014, Tencent launched the website for WeBank (China) , China's first online-only bank. Trials for the service commenced on 18 January 2015. In 2014, Tencent sued its major competitor NetEase alleging copyright infringement. Tencent used its leverage from the suit to convince NetEase to sublicense music rights from Tencent. The sub-licensing arrangement that resulted then became
2071-488: A gaming platform. Tencent remained the largest video game publisher in the world by revenue, and had a market capitalisation of around $ 475 billion. In the same month, Tencent announced that WeChat reached 980 million monthly active users , and said to be earmarking billions of dollars to amass a catalogue of user-generated content, in competition with YouTube . The company became the first Asian company to cross US$ 500 billion valuation, surpassing Facebook to enter
2180-487: A hardware maker and would have overseen Black Shark's transition into a manufacturer of VR headsets to support Tencent's plans for its metaverse business in the future. Reports initially suggested that Black Shark would be acquired for RMB 2.7 billion (US$ 420 million), although Tencent walked away from the deal due to regulatory scrutiny of metaverse businesses in China. In June 2022, Tencent posted its slowest revenue gain since going public in 2004, partly caused by
2289-606: A hub for Tencent's game development. Aside from Wuhu, another eSports theme park is planned in Chengdu . In June 2017, Tencent became the 8th most valuable company in BrandZ's Top 100 Most Valuable Global Brands, signalling its growing influence globally as well as the rise of Chinese brands. Alibaba overtook Tencent as Asia's most valuable company as its stocks surged after the company hosted its 2017 Investor's day. The company has also developed its own voice assistant Xiaowei, and
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#17327834260112398-474: A joint press statement, but at a lower price. In 2016, Foxconn, together with Tencent and luxury-car dealer Harmony New Energy Auto, founded Future Mobility , a car start up that aimed to sell all-electric fully autonomous premium cars by 2020. A Foxconn unit, Foxconn Interconnect Technology, acquired Belkin International for $ 866m on 26 March 2018. In July 2019, Foxconn appointed Liu, Young-Way as
2507-517: A joint venture agreement to form XSemi Corporation ("XSemi") to extend the businesses into the semiconductor industry, including product development and sales. Based in Hsinchu, Taiwan, XSemi aims to consolidate the strengths and resources of the two market leaders, in addition to the upcoming multifaceted collaborations with leading semiconductor companies in product design, process and capacity planning, and sales channel. In August 2021, Foxconn acquired
2616-731: A majority stake in China Music Corporation. Private enterprises in China are required to have an in-firm committee or branch of the Chinese Communist Party (CCP) if three or more CCP members are among their employees. In 2016, Tencent's CCP branch was recognized as one of the one hundred best such branches in the country. It provides communications and education platforms including a CCP activity hall, WeChat channel, and an intranet for CCP members where they can take classes related to government and party policies. The Tencent Party Member Activity Center has
2725-418: A merger with the integrated circuit designing firm AchernarTek for an undisclosed amount. The acquisition and consolidation will help Foxconn develop semiconductors for the automotive sector and 5G infrastructure. In September 2022, Foxtron, the automotive division of Foxconn works with Luxgen to launch its first electric vehicle, Luxgen n7. Foxconn has 137 campuses and offices in 24 countries and areas around
2834-460: A minority share in Chinese search engine Sogou.com , the subsidiary of Sohu , Inc. On 15 January 2014, Tencent said it would invest HKD 1.5 billion (US$ 193.45 million) in logistics and warehouse firm China South City Holdings Ltd to develop its e-commerce and logistics business. On 27 February 2014, Tencent purchased a 20% stake in restaurant ratings and group-buying website Dianping for $ 400 million. On 10 March 2014, Tencent bought
2943-588: A model used by other online music platforms in China. On 30 January 2015, Tencent announced that it had signed a US$ 700 million deal with the National Basketball Association to stream American basketball games in China. Later that year, Chinese automaker BYD became the chief corporate sponsor for Tencent's NBA broadcasts. On 21 June 2016 Tencent announced a deal to acquire 84.3% of Supercell , developer of Clash of Clans , with US$ 8.6 billion. In July 2016, Tencent acquired
3052-526: A partnership that will see English-language releases of several popular online Chinese titles. In 2014, Tencent established exclusive in-China distribution agreements with several large music producers, including Sony , Warner Music Group and YG Entertainment and in 2017 it signed a deal with Universal Music Group to stream its music in China. It also entered a partnership with Alibaba Group on music-streaming rights sharing. The deal aims to protect licensed streaming services offering copyrighted content of
3161-577: A previous investment in 2008. On 16 December 2015, Riot Games sold its remaining equity to Tencent. Tencent acquired a minority stake in Epic Games , developer of franchises like Fortnite , Unreal , Gears of War and Infinity Blade , in June 2012. That year, Tencent acquired ZAM Network, parent of Wowhead and other websites, from Brock Pierce . Tencent in 2013 increased its stake in Kingsoft Network Technology,
3270-829: A quarter of the employees live in the dormitories. Another Foxconn factory "city" is located at Zhengzhou Technology Park in Zhengzhou , Henan province , where a reported 120,000 workers were employed as of 2012, later, 200,000 workers were employed as of November 2022. The park produces the bulk of Apple's iPhone line and is sometimes referred to as "iPhone City". Foxconn's future expansion include sites at Wuhan in Hubei province , Kunshan in Jiangsu province, Tianjin, Beijing, Huizhou and Guangzhou in Guangdong province, China. A Foxconn branch that primarily manufactures Apple products
3379-566: A record HK$ 10 billion share purchase. In March 2024, the firm uploaded its revenue report for the 4th quarter of the year 2023, recording a surprising 7% rise in the fourth-quarter revenue, slightly missing the expected mark. Launched in February 1999, Tencent QQ is Tencent's first and most notable product, QQ is one of the most popular instant messaging platforms in its home market. As of 31 December 2010, there were 647.6 million active Tencent QQ IM user accounts, making Tencent QQ
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3488-458: A registered legal name and a fictitious business name, or trade name, is important because fictitious business names do not always identify the entity that is legally responsible . Legal agreements (such as contracts ) are normally made using the registered legal name of the business. If a corporation fails to consistently adhere to such important legal formalities like using its registered legal name in contracts, it may be subject to piercing of
3597-455: A social networking/blogging service integrated within QQ. Qzone has become one of the largest social networking services in China, with a user base of 645 million in 2014. On 10 April 2010, Tencent launched Tencent Weibo , a microblogging service. WeChat is a mobile app with functions such as voice- and text messaging, mobile payment , and a friends-only social network called Moments . It
3706-808: A stake in Tencent's sister companies, such as OLX , VK , Trip.com Group , Delivery Hero , Bykea , Meesho , Stack Overflow , Udemy , Codecademy , Brainly and PayU . Tencent Holding Ltd was listed on the Hong Kong Stock Exchange on 16 June 2004, and it was added as a Hang Seng Index Constituent Stock in 2008. The company originally derived income solely from advertising and premium users of QQ, who pay monthly fees to receive extras. By 2005, charging for use of QQ mobile, its cellular value-added service , and licensing its penguin character, which could be found on snack food and clothing, had also become income generators. By 2008, Tencent
3815-475: A strategic cooperation agreement with Tencent. China's government designated Tencent as one of its "AI champions " in 2018. In November 2018, Tencent Charity Foundation donated RMB$ 1 billion to establish the Xplorer Prize award for outstanding young scientists in areas of basic science and cutting-edge technologies. In October 2019, Tencent began sending out refunds to customers after cancelling
3924-476: A subsidiary of Kingsoft Corporation, to 18%. Tencent previously had a 15.68% stake in the company and raised the stake through a US$ 46.98 million investment. Tencent took part in Activision Blizzard splitting from Vivendi as a passive investor in 2013 and now owns less than 4.9% of the shares as of 2017. On 17 September 2013, it was announced that Tencent had invested $ 448 million for
4033-403: A walled campus sometimes referred to as "Foxconn City". Covering about 3 km (1.2 sq mi), the park includes 15 factories, worker dormitories, four swimming pools, fire brigade, own television network (Foxconn TV), city centre with grocery store, bank, restaurants, book store, hospital. While some workers live in surrounding towns and villages, others live and work inside the complex;
4142-654: A whole has many major and minor investments in domestic and, since the 2010s, foreign game companies. Other notable investments include Discord ( February 2015 ), Roblox Corporation ( February 2020 ), Lockwood Publishing ( November 2020 ), PlatinumGames ( January 2020 ), Aiming ( December 2014 ), Novarama ( March 2022 ), Triternion ( September 2022 ) Riffraff Games ( March 2022 ), Offworld Industries ( March 2022 ), Bohemia Interactive ( February 2021 ), Payload Studios ( February 2021 ), Playtonic Games ( November 2021 ), Voodoo (August 2020) and Lighthouse Games (July 2023). In April 2009, Tencent launched iTQQ,
4251-749: A year. In March 2021, Foxtron, the JV company of Foxconn and Yulon, announced cooperation with Nidec to strengthen the power on EV key component development. In July 2021, Foxconn teamed up with CTBC Financial Holding Co., Ltd to create a new fund targeting EV investments. In June 2021, Foxconn invested T$ 995.2 million ($ 36 million) in Gigasolar Materials Corp to develop EV battery materials. In September 2021, Foxconn collaborated with Thailand's state-owned oil supplier PTT Public Co. to invest US$ 1–2 billion in launching an EV joint venture in Thailand. In
4360-564: Is Hongfujin . On 25 May 2016, the BBC reported that Foxconn replaced 60,000 employees because it had automated "many of the manufacturing tasks associated with their operations". The organization later confirmed those claims. In July 2021, the Henan floods hit the world's biggest Apple iPhone assembly plant in Zhengzhou, but production was not affected. On 21 October 2022, and in response to
4469-454: Is also sometimes used. A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered. Using one or more fictitious business names does not create additional separate legal entities. The distinction between
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4578-431: Is among the largest social media , venture capital , and investment corporations . Its services include social networks, music, web portals, e-commerce , mobile games, internet services, payment systems, smartphones, and multiplayer online games. It operates the instant messengers Tencent QQ and WeChat , along with the news site QQ.com. The company surpassed a market value of US$ 500 billion in 2018, becoming
4687-762: Is called a razón social . Tencent Tencent Holdings Ltd. ( Chinese : 腾讯 ; pinyin : Téngxùn ) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen . It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments. Founded in 1998, its subsidiaries globally market various Internet -related services and products, including in entertainment, artificial intelligence , and other technology. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in
4796-759: Is considering further investments in Brazil. Foxconn has factories in Hungary , Slovakia , and the Czech Republic . As of 2011 it is the second-largest exporter in the Czech Republic. As of early 2015, Foxconn had tied up with Sony for manufacturing their televisions and selling it all over India . Hence, they started a new plant called Competition Team Technology (India) Private Limited in Irungattukottai (near Poonamallee , Chennai ) which
4905-504: Is expected to contribute $ 51.5 billion to Wisconsin's GDP over the next 15 years, which is $ 3.4 billion annually. However, numerous economists have also expressed skepticism that the benefits would exceed the costs of the deal. Others have noted that Foxconn has made similar claims about job creation in the past which did not come to fruition. Foxconn was also exempted by Governor Scott Walker from filing an environmental impact statement , prompting criticism from environmentalists. The plant
5014-571: Is now manufacturing new Nokia-branded devices developed by HMD. Trade name In a number of countries, the phrase " trading as " (abbreviated to t/a ) is used to designate a trade name. In the United States , the phrase " doing business as " (abbreviated to DBA , dba , d.b.a. , or d/b/a ) is used, among others, such as assumed business name or fictitious business name . In Canada , " operating as " (abbreviated to o/a ) and " trading as " are used, although " doing business as "
5123-536: Is the most popular social mobile application in China and some overseas Chinese communities, for instance, Malaysia . As of 2017, WeChat has been unsuccessful in penetrating major international markets outside of China. Tencent publishes video games via its Tencent Games division of Tencent Interactive Entertainment. It has five internal studio groups under it: TiMi Studio Group , LightSpeed Studios , Aurora Studio Group, Morefun Studio and Next Studio. Outside of companies subsidiary of its game division, Tencent as
5232-529: Is under the Online Media Business Unit at Tencent and works closely with Tencent Video . On 21 March 2012, Tencent launched Tencent Comic , and would later become China's largest online animation platform. In September 2017, Tencent has announced plans to introduce Chinese online comics to every market around the world, with the first being North America . It will be working with San Francisco -based digital publisher Tapas Media ,
5341-729: The BlackBerry , iPad , iPhone , iPod , Kindle , all Nintendo gaming systems since the GameCube , Nintendo DS models, Sega models, Nokia devices, Cisco products, Sony devices (including most PlayStation gaming consoles), Google Pixel devices, Xiaomi devices, every successor to Microsoft 's Xbox console, and several CPU sockets, including the TR4 CPU socket on some motherboards. As of 2012, Foxconn factories manufactured an estimated 40% of all consumer electronics sold worldwide. Foxconn named Young Liu its new chairman after
5450-545: The Nanshan District of Shenzhen. In December 2023, architect Büro Ole Scheeren unveiled the latest helix-inspired design of Tencent's new global headquarters in Shenzhen. Known as Tencent Helix, it will accommodate more than 23,000 employees across nearly 500,000 square meters. Tencent is the world's largest video game vendor , as well as one of the largest companies in the world by market capitalization . It
5559-540: The SAMR 's requirements on giving up exclusive rights. This comes after the company recently withdrew the merger application for antitrust review and refiled it after SAMR told the company it could not complete the review of the merger within 180 days since its first filing. Tencent's plan to take search engine Sogou private was approved by the SAMR. Tencent later announced too its intention to take DouYu private, in part due to
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#17327834260115668-466: The United Kingdom , there is no filing requirement for a "business name", defined as "any name under which someone carries on business" that, for a company or limited liability partnership, "is not its registered name", but there are requirements for disclosure of the owner's true name and some restrictions on the use of certain names. A minority of U.S. states, including Washington , still use
5777-667: The automotive industry . It is also collaborating with L'Oréal , the world's largest cosmetics company, to explore digital marketing under the Joint Business Partnership (JBP) agreement. According to a report by Sina Tech in October 2017, Tencent employed over 7,000 members of the Chinese Communist Party (CCP) and that CCP members took a leading role in the development of WeChat. "With over 7,000 CCP members, accounting for approximately 23% of
5886-404: The 13 deals cited in total by the SAMR, each carried a fine of RMB 500,000 (US$ 78,700) and Tencent received a total fine of RMB 4.5 million (US$ 710,000) for its involvement in nine deals. On 11 January 2022, it was announced that Tencent was in talks to acquire Xiaomi-backed Black Shark , one of the largest gaming smartphone makers in China. The acquisition would have been Tencent's first in
5995-589: The Chinese government's regulations to curb online gaming cost Tencent $ 46 Billion in Market Capitalisation. Later, on 27 December 2023, the first of trading after the Chinese government vowed to make improvements to the proposed gaming rules, the firm's stock rose by 5%. Also in December 2023, Tencent accelerated the pace of buybacks , increasing the pace of daily purchases to about HK $ 1 billion (with an average of HK$ 375 million per day) and made
6104-882: The Foxconn factory is situated. On 23 November, workers clashed with law enforcement over the harsh COVID restrictions and claims that Foxconn failed to provide the salary packages that were promised to new hires. Videos circulated on Chinese social media depicting law enforcement beating protesting workers as well as large crowds of workers fighting back law enforcement. All company facilities in South America are located in Brazil , and these include mobile phone factories in Manaus and Indaiatuba as well as production bases in Jundiaí , Sorocaba , and Santa Rita do Sapucaí . The company
6213-470: The Group's technology strategy. In 2020, Foxconn established "Hon Hai Research Institute", with five research centers, each having an average of 40 high technology R&D professionals, all of whom are focused on the research and development of new technologies, the strengthening of Foxconn's technology, and product innovation pipeline, efforts to support the Group's transformation from "brawn" to "brains", and
6322-418: The U.S., trademark rights are acquired by use in commerce, but there can be substantial benefits to filing a trademark application. Sole proprietors are the most common users of DBAs. Sole proprietors are individual business owners who run their businesses themselves. Since most people in these circumstances use a business name other than their own name, it is often necessary for them to get DBAs. Generally,
6431-524: The United States. Under a new agreement announced in April 2021, Foxconn will reduce its planned investment to $ 672 million with 1,454 new jobs. Tax credits available to the project were reduced to $ 8 million. In October 2021, Lordstown Motors announced a $ 250 million deal to sell a former GM plant to Foxconn, which would become a contract assembler for the company's Endurance pickup truck. The deal
6540-725: The broadcast of NBA games in response to the Houston Rockets general manager Daryl Morey 's social media comments in support of protests in Hong Kong . In May 2020, Tencent purchased the rights to create System Shock 3 and any further sequels from OtherSide Entertainment . On 29 June 2020, Tencent acquired the video-on-demand service iflix in Kuala Lumpur , Malaysia . In September 2020, Tencent picked Singapore as its hub in Asia, joining rivals ByteDance and Alibaba in
6649-558: The company has three manufacturing plants under construction, all in southern India–a component and semiconductor plant near the company's existing plant in Chennai, and two plants each in Bangalore (near its airport ) and Hyderabad ( Kongara Kalan ) for making iPhones, iPads , iPods and AirPods . All three plants are projected to be completed and begin operations by the end of 2024. They will together employ around 400,000 people in
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#17327834260116758-509: The completion of the Lordstown Motors facility purchase and further signed a contract manufacturing agreement and a joint venture agreement with LMC for product development. In mid-2021, Foxconn announced that the company will enter into more semiconductor production and will be expanding into supplying chips for electric vehicles (EVs) and electronics equipment used for healthcare. In May 2021, Foxconn and Yageo Group entered into
6867-469: The conglomerate. Wanda Commercial was renamed Wanda Commercial Management Group. Tencent bought a 5% to 10% minority stake in Skydance Media . On 23 January 2018, Tencent and Carrefour reached strategic co-operation agreement in China. On 15 August 2018, Tencent reported a profit decline in the second quarter of 2018, ending a growth streak of more than a decade, as investment gains slid and
6976-500: The construction of five new factories in Itu, Brazil , creating 10,000 jobs. In 2014, the company purchased Asia Pacific Telecom and won some spectrum licenses at an auction, which allowed it to operate 4G telecommunications equipment in Taiwan. On 25 February 2016, Sharp accepted a ¥700 billion (US$ 6.24 billion) takeover bid from Foxconn to acquire over 66 percent of Sharp's voting stock. However, as Sharp had undisclosed liabilities which
7085-484: The corporate veil . In English , trade names are generally treated as proper nouns . In Argentina , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Brazil , a trade name is known as a nome fantasia ('fantasy' or 'fiction' name), and the legal name of business is called razão social (social name). In some Canadian jurisdictions , such as Ontario , when
7194-534: The county or city to be registered with the State Corporation Commission. DBA statements are often used in conjunction with a franchise . The franchisee will have a legal name under which it may sue and be sued, but will conduct business under the franchiser's brand name (which the public would recognize). A typical real-world example can be found in a well-known pricing mistake case, Donovan v. RRL Corp. , 26 Cal. 4th 261 (2001), where
7303-480: The enhancement of the competitiveness of Foxconn's "3+3" strategy. Foxconn's 2Q24 revenue was NT$ 1.551 trillion (US$ 31.17 billion). Circuits Assembly magazine named Foxconn the largest electronics manufacturing services company in the world for the 14th straight year. On 5 February 2020, Foxconn started producing medical masks and clothing at its Shenzhen factory in China during the Chinese New Year and
7412-838: The first Asian technology company to cross this valuation mark. It has since then emerged as the most valuable publicly traded company in China, and is the world's tenth most valuable company by market value as of February 2022. In 2015, 2018, and 2020, the company was ranked by the Boston Consulting Group and Fast Company among the 50 most innovative companies worldwide. Tencent has stakes in over 600 companies, and began focusing on tech start-ups in Asia in 2017. TechCrunch characterized Tencent's investment strategy as letting its portfolio startups operate autonomously. Tencent's valuation approached US$ 1 trillion in January 2021 before it plummeted. Tencent Holdings
7521-704: The first five years of their operations. In November 2023, Foxconn announced a $ 1.54 billion investment in India to "help it fulfil 'operational needs.'" In August 2024, Foxconn showed interest in investing in Hyderabad, as confirmed by the Telangana government. Chairman Young Liu met with Chief Minister A Revanth Reddy , discussing plans for a new "fourth city" near Hyderabad. Foxconn and Sharp Corporation jointly operate two manufacturing plants specializing in large-screen televisions in Sakai, Osaka . In August 2012, it
7630-641: The first time three self-developed EV models: the Model C recreational vehicle, the Model E sedan, and the Model T electric bus. In January 2021, Foxconn and Geely Holding Group signed a strategic cooperative agreement and will establish a joint venture company to provide OEM and customized consulting services relating to whole vehicles, parts, intelligent drive systems, and automotive ecosystem platforms to global automotive enterprises and ridesharing companies. In February 2021, it announced an agreement with EV startup Fisker Inc. to jointly produce more than 250,000 vehicles
7739-627: The globe. The majority of Foxconn's factories are located in East Asia, with others in Brazil, India, Europe, and Mexico. Foxconn has 12 factories in nine Chinese cities—more than in any other country. The largest Foxconn factory is located in Longhua Subdistrict, Shenzhen , where hundreds of thousands of workers (varying counts include 230,000, 300,000, and 450,000) are employed at the Longhua Science & Technology Park ,
7848-456: The government's scrutiny of the gaming business weighed on the company. Shares of Tencent fell 3% in morning trade in Hong Kong after the rare drop in quarterly profit was reported, extending a slide that has wiped nearly $ 50 billion in market value from the company in that week. The sell-off dragged down many other Chinese internet stocks as well. On 6 September 2018, Luckin Coffee signed
7957-458: The height of the COVID-19 pandemic . The company initially said the masks it makes would be for internal employee use. The outbreak of coronavirus disease 2019 led to a worldwide spike in demand for masks, resulting in global shortages. In a letter to employees, Chairman Young Liu said, "I remember clearly how touching it was when Longhua Park produced our first mask at 4:41am on 5 February. It
8066-560: The important milestones for Foxconn occurred in 2001 when Intel selected the company to manufacture its Intel -branded motherboards instead of Asus . By November 2007, Foxconn further expanded with an announced plan to build a new US$ 500 million plant in Huizhou , Southern China. In January 2012, Foxconn named Tien Chong (Terry) Cheng chief executive of its subsidiary FIH Mobile Limited. At this time, Foxconn made up approximately 40% of worldwide consumer electronics production. Expansion
8175-402: The law is to protect the public from fraud, by compelling the business owner to first file or register his fictitious business name with the county clerk, and then making a further public record of it by publishing it in a newspaper. Several other states, such as Illinois , require print notices as well. In Uruguay , a trade name is known as a nombre fantasía , and the legal name of business
8284-587: The majority of its US$ 20.3 billion stake in Meituan through a dividend distribution to shareholders, in part due to China's earlier regulatory crackdown on tech giants. In January 2023, OpenSecrets reported that Tencent spent over $ 6.3 million lobbying the U.S. federal government after coming under greater regulatory scrutiny in 2020. By January 2023, Tencent had sold its share in Tesla. Majority owned subsidiary China Literature acquired Tencent Animation and Comics in December 2023. On 22 December 2023,
8393-498: The mobility industry, with more than 2,200 companies joining the open standard since its launch. The company announced plans to become more involved as a contract assembler of EVs. In the same year, Foxconn partnered with Fiat Chrysler Automobiles N.V. and Yulon Group for a move into EVs. Foxconn has been holding the Hon Hai Tech Day (HHTD) event since 2020 to showcase its latest achievements. In HHTD21, Foxconn introduced for
8502-461: The named defendant, RRL Corporation, was a Lexus car dealership doing business as " Lexus of Westminster ", but remaining a separate legal entity from Lexus, a division of Toyota Motor Sales, USA, Inc. . In California , filing a DBA statement also requires that a notice of the fictitious name be published in local newspapers for some set period of time to inform the public of the owner's intent to operate under an assumed name . The intention of
8611-436: The new chairman of the Group, which was then ranked 25th among Forbes Top 100 Digital Companies. Soon afterward, Foxconn, led by Young Liu, introduced its "3+3" Model for Transformation, prioritizing the three key industries: electric vehicles, digital health, and robotics industries. The Group is also committed to developing artificial intelligence, semiconductors, and next-generation communication technologies, building blocks in
8720-534: The plant to produce Lordstown's Endurance pickup truck. Fisker vehicles would also be made at the same plant. In January 2022, Foxconn signed an MoU with the Indonesian Ministry of Investment/BKPM, IBC, Indika, and Gogoro to jointly develop a sustainable new energy ecosystem in Indonesia that focuses on electric batteries, electric mobility, and associated industries. In May 2022, Foxconn announced
8829-536: The production of iPhones in Sriperumbudur , near Chennai. In April 2019, Foxconn reported that they are ready to mass-produce newer iPhones in India. Its Chairman, Terry Gou , said that the manufacturing will take place in the southern city of Chennai. In September 2022, Foxconn signed a deal for a semiconductor plant in Gujarat with an investment of $ 21 billion, by Vedanta Group . In July 2023, Foxconn made
8938-430: The race to reinforce their presence closer to home after complications in India and the United States. Lazy Audio was acquired from Shenzhen Lanren Online Technology Co for 2.7 billion yuan in January 2021. In July 2021, China's antitrust regulator formally blocked Tencent's plan to merge China's top two video game streaming sites, Huya Live and DouYu , after it had failed to come up with sufficient remedies to meet
9047-523: The ratio of 1.2 to 1 for other companies. As of 4 October 2017, Foxconn agreed to locate their plant in Mount Pleasant, Wisconsin , and broke ground for the plant 28 June 2018. President Trump was in attendance to promote American manufacturing. In January 2019, Foxconn said it was reconsidering its initial plans to manufacture LCD screens at the Wisconsin plant, citing high labour costs in
9156-884: The retirement of founder Terry Gou, effective on 1 July 2019. Young Liu was the special assistant to former chairman Terry Gou and the head of business group S (semiconductor). Analysts said the handover signals the company's future direction, underscoring the importance of semiconductors , together with technologies like artificial intelligence , robotics , and autonomous driving , after Foxconn's traditional major business of smartphone assembly has matured. Terry Gou established Hon Hai Precision Industry Co., Ltd. as an electrical components manufacturer in 1974 in Taipei, Taiwan. Foxconn's first manufacturing plant in Mainland China opened in Longhua Town, Shenzhen , in 1988. One of
9265-403: The same month, Foxconn and Gogoro formed a strategic technology and manufacturing partnership to introduce new levels of manufacturing capabilities and scale for Gogoro battery swapping technologies and Smart Scooters. In October 2021, it agreed to purchase a former GM auto plant from Lordstown Motors and to purchase $ 50 million of the company's common stock. Under the agreement, Foxconn would use
9374-408: The second quarter 2016 financial report, the stock price rose by 6.2% in the Hong Kong stock market, and the market value reached US$ 429 billion. Tencent became the second Asian company after Alibaba Group to surpass US$ 400 billion market cap. Tencent has also created an alliance to its own AI self-driving program, similar to Baidu's Apollo Project , recruiting numerous industry players in
9483-459: The surname(s) of the sole trader or partners, or the legal name of a company. The Companies Registration Office publishes a searchable register of such business names. In Japan , the word yagō ( 屋号 ) is used. In Colonial Nigeria , certain tribes had members that used a variety of trading names to conduct business with the Europeans. Two examples were King Perekule VII of Bonny , who
9592-469: The term trade name to refer to "doing business as" (DBA) names. In most U.S. states now, however, DBAs are officially referred to using other terms. Almost half of the states, including New York and Oregon , use the terms assumed business name or assumed name ; nearly as many, including Pennsylvania , use the term fictitious name . For consumer protection purposes, many U.S. jurisdictions require businesses operating with fictitious names to file
9701-544: The top 5 list of the world's biggest firms. In January 2018, Tencent and The Lego Group , the world's largest toy company, teamed up to jointly develop online games and potentially a social network aimed at children. It also launched its first unmanned shop in Shanghai . Tencent led a US$ 5.2 billion investment in Wanda Commercial , together with JD.com , Sunac and Suning Group , to acquire shares in
9810-502: The total workforce, and more than 60% of whom are core technical personnel, the number of CCP members at Tencent is increasing by nearly a thousand every year. In Tencent, a leading internet company, CCP members are becoming the main driving force in shaping the company's development direction." In November 2017, Tencent revealed that it had purchased a 12% stake in Snap Inc. in the open market, with plans to help establish Snapchat as
9919-471: The unsuccessful merger, but also due to lacklustre business performance and disagreements over strategy among company executives. Tencent is currently the largest stakeholder in DouYu with a 37% stake. On 17 December 2021, Tencent announced it had acquired Slamfire Inc. and its subsidiary Turtle Rock Studios , the developer behind Left 4 Dead and Back 4 Blood . In January 2022, reports emerged that Tencent
10028-480: The world's largest online community at the time. The number of QQ accounts connected simultaneously has, at times, exceeded 100 million. While the IM service itself is free, a fee was being charged for mobile messaging as of 2006. Tencent also created QQ International, which is an English version of QQ that allows communication with mainland accounts; QQi is available for Windows and macOS. In 2005, Tencent launched Qzone ,
10137-576: The world's top 10 most valuable companies. Tencent has also entered an agreement with the Wuhu City Council to build the world's first eSports town in the city, which comprises an eSports theme park, eSports university, a cultural and creative park, an animation industrial park, creative block, tech entrepreneurial community and Tencent Cloud's data center. The site will be used for the education and accommodation of future eSports players, as well as hosting national eSports events and serving as
10246-594: Was announced that Tencent had agreed to pay about $ 500 million for a 28 per cent stake in South Korea's CJ Games. On 27 June 2014, Tencent announced that it had agreed to buy a 19.9 per cent stake in Chinese e-commerce website 58.com (WUBA) Inc. for $ 736 million. On 17 April 2015, Tencent announced it bought an additional $ 400 million worth of shares, rising its stake in the company to about 25%. On 16 October 2014, via its wholly held subsidiary Hongze Lake Investment Ltd, Tencent announced that it had bought
10355-470: Was completed in May 2022 for a final price of $ 230 million. It was announced Foxconn would also invest $ 50 million into the company through a purchase of common stock. The following list consists of Foxconn's present or past major customers. The list is provided in alphabetical order. Their country of origin or base of operations is in parentheses. FIH Mobile is a subsidiary of Foxconn, offering services such as product development and after-sales support. It
10464-486: Was estimated to contribute significantly to air pollution in the region. Environmentalists criticised the decision to allow Foxconn to draw 26,000 cubic metres (7 × 10 ^ US gal) of water per day from Lake Michigan . Given water concerns, Foxconn is spending $ 30 million on zero liquid discharge technology. Foxconn is also required to replace wetlands at a higher ratio than other companies; Foxconn must restore 2 acres of wetland for every 1 acre disturbed instead of
10573-515: Was further pursued after a March 2012 acquisition of a 10-percent stake in the Japanese electronics company Sharp Corporation for US$ 806 million and to purchase up to 50 percent of the LCDs produced at Sharp's plant in Sakai, Japan . However, the agreed deal was broken as Sharp's shares continued to plunge in the following months. In September 2012, Foxconn announced plans to invest US$ 494 million in
10682-651: Was in the midst of discussion to acquire Rovio Entertainment , the developer of Angry Birds . At the same time, Tencent introduced its mini-programs feature that allows smartphone users to access mobile apps across the globe on WeChat without downloading them. In July 2017, Tencent bought a 9% share in Frontier Developments , the creator of the Elite: Dangerous and Planet Coaster franchises; as well as developer for Rollercoaster Tycoon 2 & 3. In August 2017, after Tencent announced
10791-648: Was incorporated in the tax haven of the Cayman Islands in 2000. On 18 May 2016, FIH Mobile announced the purchase of Microsoft Mobile 's feature phone business. Microsoft Mobile Vietnam is also part of the sale to FIH Mobile, which consists of the Hanoi , Vietnam manufacturing facility. The rest of the business has been sold to a new Finland -based company HMD Global , which started developing and selling new Nokia-branded devices in early 2017. The total sale to both companies amounted to US$ 350 million. FIH Mobile
10900-553: Was known as Captain Pepple in trade matters, and King Jubo Jubogha of Opobo , who bore the pseudonym Captain Jaja . Both Pepple and Jaja would bequeath their trade names to their royal descendants as official surnames upon their deaths. In Singapore , there is no filing requirement for a "trading as" name, but there are requirements for disclosure of the underlying business or company's registered name and unique entity number. In
11009-418: Was later informed by Sharp's legal representative to Foxconn, the deal was halted by Foxconn's board of directors. Foxconn asked to call off the deal, but it was proceeded by the former Sharp president. Terry Gou, in the meeting, then wrote the word "義", which means "righteousness", on the whiteboard, saying that Foxconn should honor the deal. A month later, on 30 March 2016, the deal was announced as finalized in
11118-606: Was later moved to Oragadam ( Kanchipuram ) in 2019. As of mid-2015, Foxconn was in talks to manufacture Apple 's iPhone in India. In 2015, Foxconn announced that it would be setting up twelve factories in India and would create around one million jobs. It also discussed its intent to work with the Adani Group for expansion in the country. In August 2015, Foxconn invested in Snapdeal . In September 2016, Foxconn started manufacturing products with Gionee . In 2017, Foxconn started
11227-471: Was one of the major tech conglomerates to receive a fine from the SAMR for failing to report their merger and acquisition (M&A) deals in advance. According to China's antitrust law , official approval is required before the completion of a M&A deal if the combined annual revenue of all entities involved is at least RMB 10 billion (US$ 1.57 billion), and at least two entities have at least RMB 400 million (US$ 62.7 million) in annual revenue. Of
11336-459: Was provided to it by venture capitalists . In February 1999, Tencent's messenger product OICQ was released. Shortly after, Tencent had the client's name changed to QQ; this was said to be due to a lawsuit threat from ICQ and its owner AOL . The company remained unprofitable for the first three years. South African media company Naspers purchased a 46.5% share of Tencent in 2001. As of 2023, it owns 26.16% through Prosus , which also owns
11445-482: Was ranked 20th in the 2023 Fortune Global 500 . It is the world's largest contract manufacturer of electronics. While headquartered in Taiwan, the company earns the majority of its revenue from assets in China and is one of the largest employers worldwide. Terry Gou is the company founder and former chairman. Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include
11554-484: Was ranked 35th on Forbes Global 2000 2023 list. Tencent was founded by Pony Ma , Zhang Zhidong , Xu Chenye, Charles Chen and Zeng Liqing in November 1998 as Tencent Inc , in the Cayman Islands . The name "Tencent" is based on its Chinese name Tengxun (Chinese: 腾讯 ), which incorporates part of Pony Ma 's Chinese name ( Ma Huateng ; 马化「腾」) and literally means "galloping fast information". Initial funding
11663-611: Was reported that Sharp, while doing corporate restructuring and downsizing, was considering selling the plants to Foxconn. The company was believed to be receptive to the plan. The acquisition was completed with a $ 3.8 billion deal in August 2016. As of 2011, Foxconn had at least seven factories in the Johor state, at Kulai , where it is developing an industrial park that includes four factories that comprise fully automated assembly lines as well as fully automated packaging lines. Foxconn has
11772-528: Was seeing profit growth from the sale of virtual goods . In June 2007, Tencent established its charity foundation, becoming the first Chinese internet company to do so. While Tencent's services have included online gaming since 2004, around 2007/2008, it rapidly increased its offerings by licensing games. While at least two, Crossfire and Dungeon Fighter Online , were originally produced by South Korean game developers, Tencent now makes its own games. On 21 January 2011, Tencent launched Weixin ( 微信 ),
11881-987: Was the simplest yet most important product Foxconn has ever made. It not only supplied the group's need for epidemic prevention it also contributed to the general public and boosted the morale of the group. All that resulted from our colleagues' hard work." Following almost a year of public controversy regarding its COVID-19 vaccine shortage ; in June 2021, Taiwan agreed to allow founder Terry Gou, through his Yongling Foundation charity, to join with contract chip maker TSMC , and negotiate purchasing COVID-19 vaccines on its behalf. In July 2021, BioNTech 's Chinese sales agent Fosun Pharma announced that Foxconn and TSMC had reached an agreement to purchase 10 million BioNTech COVID-19 vaccines from Germany for Taiwan. The two technology manufacturers pledged to each buy five million doses for up to $ 175 million, for donation to Taiwan's vaccination program. In 2020, Foxconn initiated MIH Alliance to create an open EV ecosystem that promotes collaboration in
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