Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm • TechCrunch

News on Tencent and China Unicom is causing a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory approval to set up a joint venture, according to a government announcement. Following the transaction, Tencent and China Unicom will respectively own 42% and 47%…

A Defensive Stock on the Move

When Nomad Foods Limited (NYSE: NOMD) fell to a five-year low last week, investors decided enough was enough. MarketBeat.com – MarketBeat Buyers began nibbling on the U.K.-based company ahead of its preliminary financial results release on Halloween day. The timing of the bottom-feeding looks scary good with the stock now up more than 20% from…