Tencent, Google sign long-term patent cross-licensing agreement

Tencent, Google sign long-term patent cross-licensing agreement

The latest has the company partnering with WeChat developer Tencent in a patent cross-licensing deal, as well as promising to collaborate on future technology developments.

The agreement is a typical industry arrangement between corporations created to minimize patent infringements, with the US company signing similar deals with Samsung Electronics Co. and others.

Google did not disclose the scope of the new patent deal and Tencent did not immediately respond to questions about which products the patent agreement will cover.

Although Google's search engine remains blocked in China, the search giant has been steadily working on other business opportunities in the country, including a Beijing AI lab and a Shenzhen office. The investment in rival Chinese counterparts is a big step towards Google circumventing the regulations that make the Chinese tech market so hard to penetrate.

A sign of Tencent is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. Google previously said that such agreements mitigate the potential of litigation over patent infringement.

The deal also follows a year of massive growth for Tencent, which posted a profit of $2.7bn in November and became the first Chinese tech company valued at over $500bn shortly after.

This deal could be the start of a powerful and mutually beneficial alliance for both companies, as well as accelerated innovation in areas like AI, social media, gaming and many more.

Tencent buildings in Shenzhen, China.

Related News:

  • '12 Strong' review: Chris Hemsworth enlists for war movie glory

    '12 Strong' review: Chris Hemsworth enlists for war movie glory

    Elsa Pataky and Chris Hemsworth have been in NY for the past few days promoting their new movie, 12 Strong . What kept me watching was the strength that Hemsworth exhibited in his portrayal of Nelson.

    Trump adds confusion to government shutdown concern

    Almost 800,000 federal employees were without pay until Congress voted five days into the shutdown to pay them retroactively. By evening, however, he tweeted that the House "needs to pass Government Funding Bill tonight".
    Why Forward Management Reported Wheeler Real Estate Investment Trust, Inc Position?

    Why Forward Management Reported Wheeler Real Estate Investment Trust, Inc Position?

    After a recent check, the current stock price divided by the 52-week high for shares of Wheeler Real Estate Investment Trust, Inc. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has "Hold" rating given on Friday, July 14 by Stifel Nicolaus.
  • Apple Leak Reveals Changes in iPhone X Design

    Apple Leak Reveals Changes in iPhone X Design

    Apple is still years away from embedding all the sensors under the display panel and offering a notch-less all-screen iPhone. If that happens, Apple can then shrink the notch so that more of the next iPhone's front is filled with screen.
    Snowstorm, deep freeze leaves 4 dead in US South

    Snowstorm, deep freeze leaves 4 dead in US South

    The snow began falling the far northeastern part of the area at about 6 a.m. One person died in a weather-related traffic accident in West Virginia.
    Schalke's Goretzka signs contract to join Bayern next season

    Schalke's Goretzka signs contract to join Bayern next season

    Goretzka will hope to finish the season well with Schalke to make sure of a place in Germany's World Cup squad. Juventus , Liverpool and Arsenal had all been keen to sign the talented young German.
  • President Trump Teases Potential Government Shutdown at Pentagon Visit

    It was not clear on Thursday whether Trump understood that his administration had backed the renewal less than 24 hours before. It also comes as the USA military is carrying out crucial anti-terror operations in Iraq, Syria, and Afghanistan.
    Cleveland Cavaliers vs Orlando Magic

    Cleveland Cavaliers vs Orlando Magic

    After Wade made an errant pass into the seats, Simmons tied the game at 80 by hitting two free throws with 49.2 seconds left. Was it the Wine & Gold running out to a big lead? James scored 16 and needs 25 to become the seventh player to reach 30,000.
    Boston Scientific Corporation (BSX) SVP Sells $243085.62 in Stock

    Boston Scientific Corporation (BSX) SVP Sells $243085.62 in Stock

    The medical equipment provider reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
  • Rafael Nadal coasts past Damir Dzumhur and into Australian Open last 16

    Rafael Nadal coasts past Damir Dzumhur and into Australian Open last 16

    He cruised through the opening set in under half an hour, slamming seven aces and making just seven unforced errors. All the stats and scores from the day's action can be found at the Australian Open's official website .
    A simple text message can crash iOS and macOS

    A simple text message can crash iOS and macOS

    A fix for the issue, which is not the first text bomb to hit Apple , has not yet been created but is expected in future updates. Thankfully the bug is not overtly sinister, but seem to be just annoying, according to security expert Graham Cluley .
    Lawmakers Work To Avoid Government Shutdown

    Lawmakers Work To Avoid Government Shutdown

    White House Chief of Staff John Kelly , however, said Wednesday that deal "fell short of what [President Trump] was looking for". They also predicted the measure would include a long-delayed renewal of a popular health insurance program for children.

Most liked

Wenger: Arsenal Still Having Talks With Wilshere
Smith did, however, reveal his concerns as to whether Ozil was only playing well in a bid to secure a new lucrative deal. They should be all sorted soon'.

Washington State Attorney General's Office Appeals Decision to End Net Neutrality
Donovan added that the FCC's December vote was also illegal because it violated the commission's own process of public oversight. Wiener's officer says his bill will "effectuate net neutrality in California utilizing the state's regulatory powers".

Financially Devastating or Fantastic? - Brookdale Senior Living Inc. (BKD), Yirendai Ltd. (YRD)
Media stories about Brookdale Senior Living (NYSE:BKD) have been trending positive on Friday, Accern Sentiment Analysis reports. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brookdale Senior Living by 12.3% in the second quarter.

Embassy Not Moving to Jerusalem Within the Year
According to earlier reports , India is likely to purchase Spike missile through the government-to-government (G-to-G) route. It was moving, and it ought to make every Israeli happy, since India is a global power.

Featured Stock for Investors: Bristol-Myers Squibb Company (NYSE:BMY)
New Jersey Better Educational Savings Trust reported 50,000 shares. 9,340 shares were sold by Caldarella Joseph C, worth $560,400. It increased, as 62 investors sold BMY shares while 519 reduced holdings. 137 funds opened positions while 460 raised stakes.

Android Wear 2.8 update brings improved readability and AMOLED theme
To update your Android Wear Watch, you can simply head to the Google Play Store and download the Android Wear companion app. Finally, the changelog mentions that Google has made the background darker to allow for better readability.

Overwatch League Viewership Tops 10 Million in Week 1
According to a press release and reported widely, total viewership over the first week exceeded a whopping 10 million . Fans can purchase tickets to attend matches, which will be played each Wednesday, Thursday, Friday, and Saturday.

Weekend weather: Mixture of rain and snow likely to continue
That means a good deal of wind and warmer temperatures Thursday , and a chance of rain and snow showers early Friday . Sunday , there is a 50 percent chance of showers after noon, with a high near 56, the weather service said.

Italy probing Apple and Samsung over planned obsolence
Italy's Anti-Trust Authority said that it has begun proceedings against Apple and Samsung for unfair trade practices. It's also interesting that Samsung is being included in the AGCM's investigation.

ValuEngine Lowers Chipotle Mexican Grill (CMG) to Sell
It has underperformed by 9.08% the S&P500. 8,867 shares valued at $1.11 million were sold by KOZEL DAVID F on Friday, August 25. At current levels, Hyatt Hotels Corporation (NYSE:H) shares have been seen trading 4.01% away from the 20-day moving average.

Eagles' Trey Burton not expected to play a big role on Sunday
After several long discussions with his wife, Tori, he signed with the Chiefs. The Eagles ranked third for scoring offense and fourth for scoring defense.

Shutdown Threat Looms: Senate Dems Stiffen Spines, House In Chaos
The White House has also said if there's a shutdown, the president plans to place the blame exclusively on Democrats . The House voted 230-197 in favor of a spending bill that will keep the government funded through mid-February.

Rep. Chris Collins: If I were Bannon, I'd answer lawmakers' questions
Steve Bannon, left, leaves the building after he testified before the House intelligence committee . He said the committee expects to have Bannon return for more questioning.

Northland Securities Reiterates "Buy" Rating for Finisar Corporation (NASDAQ:FNSR)
After $0.11 actual EPS reported by Finisar Corporation for the previous quarter, Wall Street now forecasts 45.45 % EPS growth. UBS Asset Management Americas Inc. boosted its holdings in shares of Finisar by 1.1% in the 2nd quarter. (NASDAQ:DAKT).

Orthodox believers celebrate Epiphany
His dunk past year was not publicized and it coincided with the inauguration of U.S. President Donald Trump, which the spokesman said at the time Putin did not watch.