Tencent
Auto Added by WPeMatico
Kik Raises $50M From Tencent To Become The “WeChat Of The West”
Kik, the Canadian company behind the messaging app of the same name has announced $50M worth of funding from one of its partners, China’s Tencent (also the biggest internet company in China). This funding puts Kik’s total at $120.5M. The deal brings the company valuation into unicorn territory (the much-ballyhooed $1 billion mark.) Here’s what Kik’s CEO, Ted Livingston,… Read More
Powered by WPeMatico
Tencent Strikes Strategic Partnership With Indoor Mapping Startup Sensewhere
Chinese Internet giant Tencent, the maker of WeChat, has pinned down a strategic investment with indoor mapping startup sensewhere. The total amount of the deal was undisclosed, but the companies said that Tencent now has a license to use sensewhere’s indoor positioning software in Tencent Maps. Sensewhere will also be Tencent’s preferred vendor for location-based advertising… Read More
Powered by WPeMatico
Tencent Backs Mobile Gaming Company Pocket Gems
Pocket Gems announced today that it has taken an investment from Chinese Internet company Tencent. The funding will allow the mobile gaming company to expand globally, including into China.
The companies did not disclose the size of the deal, but The Wall Street Journal reported that Tencent invested $60 million for 20 percent stake in Pocket Gems. Read More
Powered by WPeMatico
Tencent Will Pay $126M For A 14.6% Stake In Glu Mobile, Maker Of Kim Kardashian: Hollywood
Tencent, one of China’s biggest Internet companies, has agreed to purchase a 14.6 percent stake in Glu Mobile, the San Francisco game developer probably best known for “Kim Kardashian: Hollywood.” Shares of Glu rocketed 23 percent in after hours trading as investors showed their approval for the deal, as well as its strong first-quarter earnings report. Read More
Powered by WPeMatico
Ticket Booking Startup Beijing Weiying Raises $105M From Investors Including Tencent
Beijing Weiying Technology, the maker of a movie ticket booking platform that is embedded in WeChat, China’s largest messaging app, has raised a $105 million series B. Investors include WeChat owner Tencent and Wanda Group, one of China’s largest movie theater operators.
Weiying’s app, WePiao, can be accessed through WeChat, as well as QQ, Tencent’s instant messaging… Read More
Powered by WPeMatico