Tencent backed Meituan-Dianping files for IPO in Hong Kong

Tencent funded Meituan-Dianping files for IPO. China’s popular all-in-one app Meituan-Dianping filed for an IPO in Hong Kong stock exchange during early trading hours on Monday. Through this public issue, the Tencent backed startup reportedly aims to raise nearly $4 billion at market valuation of approximately $60 billion. Meituan-Dianping has so far refused to comment on…

ByGirish ShettiJune 25, 20180Comments

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Tencent may invest in Sports Fantasy Startup Dream 11: Report

Tencent may invest in Sports Fantasy Startup Dream 11. Chinese tech giant Tencent is currently in advanced talks to invest in the Mumbai based sports fantasy startup Dream 11, according to top sources familiar with the matter. The investment, which is said to be in the range of $100 million, can possibly prove to be a…

ByGirish ShettiApril 19, 20180Comments

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Tencent leads $115-Million Funding Round in Music Streaming Firm Ganna

Tencent leads $115-million funding round in music streaming firm Ganna Chinese internet giant Tencent has led an investment round of $115-million or Rs 740-crore in the Mumbai based music streaming company Ganna (which means ‘song’ in English). Ganna is owned by Times Internet, which is a part of the Indian media conglomerate Times Group. The group…

ByGirish ShettiFebruary 28, 20180Comments

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Chinese Internet Giant Tencent in Discussion to Invest $35-40 Million in NewsDog

Tencent in Discussion to Invest $35-40 Million in NewsDog Chinese internet giant Tencent is in talks with news aggregator startup NewsDog to lead a $35-40 million funding round, according to people close with the matter. If the deal materializes, it will be one of the largest deals in the Indian news content space. Tencent, which has already…

ByGirish ShettiFebruary 12, 20180Comments

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