je.st
news
Tag: tencent
Tencent, Foxconn lead USD 175 mln investment in India's Hike
2016-08-16 12:11:00| Telecompaper Headlines
(Telecompaper) Hike Messenger, India's homegrown mobile messaging platform, announced that it has raised a Series D financing of over USD 175 million, in a new funding round led by Tencent and Foxconn Technology Group valuing the company at close to USD 1.4 Billion. Existing investors Tiger, Bharti Airtel and the SoftBank Group also participated in this round. This is the fourth venture capital round and the biggest to date for Hike, taking the total investment to over USD 250 million so far.
Tags: lead
investment
usd
hike
China Music, Tencent merge digital music businesses
2016-07-15 11:33:00| Telecompaper Headlines
(Telecompaper) China Music and Tencent's QQ Music unit have jointly announced a merger of their digital music businesses. The move is designed to provide upgraded online music streaming services to users, as well as foster an industry structure built upon authorized music rights and a freemium business model in China, the partners said. The merger combines Tencent's QQ Music service with CMC to form a new company, where Tencent will become the majority shareholder.
Tags: music
china
digital
businesses
Tencent in talks with co-investors for Supercell Oy
2016-07-05 16:57:00| Telecompaper Headlines
(Telecompaper) Tencent want others to come and help fund its USD 8.6 billion acquisition of Supercell Oy, the Wall Street Journal reported, citing sources familiar with the matter. Talks are ongoing with a number of investors, as a consortium, including China's sovereign-wealth fund China Investment, the Canada Pension Plan Investment Board and Hillhouse Capital Group. Tencent is looking to buy an 84.3 percent stake in the developer of the 'Clash of Clans' game from SoftBank and the startup's current and former employees. None of the parties were available or wished to comment. Tencent only confirmed it was in the process of talking to potential co-investors "in the consortium who are interested in participating in the long-term success of Supercell." Tencent is still in the process of shortlisting participants in the consortium, and the list of potential co-investors could change, the people said.
Tags: talks
oy
supercell
tencent
Tencent pays for majority stake in Clash of Clans maker
2016-06-21 14:52:19| BBC News | Business | UK Edition
Chinese internet giant Tencent Holdings is buying a majority stake in Supercell, the Finnish maker of the Clash of Clans game.
Tags: pays
majority
maker
stake
Tencent confirms deal to buy Supercell from Softbank
2016-06-21 13:09:00| Telecompaper Headlines
(Telecompaper) Chinese internet company Tencent has confirmed an agreement to buy Supercell, the developer of the game 'Clash of Clans', in a deal valuing the Finnish company at USD 10.2 billion. Tencent is the majority shareholder of a consortium of investors buying 84 percent of Supercell; the company did not say how much it will contribute to the purchase price. Supercell's employees will continue to own the rest of the company, and Tencent said it will continue to encourage a strong employee involvement through share incentives. In future employees will be able to sell shares from vested options to Tencent on an annual basis.
Tags: buy
deal
confirms
softbank