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Posts Tagged ‘ Tencent ’

Now Chinese ride-hailing major Didi Chuxing wants to go global

Friday, October 21, 2016 | More »

Chinese taxi-hailing firm Didi Chuxing has expressed its ambitions to go global. Didi’s president Jean Liu made it clear at an event in the US that, “We are definitely going global.” “We are a big sponsor and a big believer in local players. If there are no existing local players, we will go...


Online travel portals MakeMyTrip and ibibo to merge

In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to buy ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent, in a stock deal. Naspers and Tencent, which own 91% and...

18 October, 2016 | More »


Why Freecharge badly needs a recharge

The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of d...

13 October, 2016 | More »


Chinese search engine giant Baidu sets up $3 bn investment fund

Beijing-based search engine major Baidu Inc. has set up a 20 billion Yuan ($3 billion) fund to invest in the internet sector, the firm said on Wednesday. According to Reuters, the fund ‘Baidu Capital’ will focus on mid- and late-stage firms, with individual funding amounts ranging from $50 milli...

12 October, 2016 | More »

Karthik Rajeshwaran

Freecharge hires Karthik Rajeshwaran as director of strategy

Snapdeal-controlled digital payments platform FreeCharge has appointed former Obi Mobiles executive Karthik Rajeshwaran as director (strategy). Rajeshwaran will use his expertise to usher-in consumer centric innovations to expand revenue across new business opportunities, Freecharge said in a press ...

12 October, 2016 | More »


After Foxconn and Tencent, SoftBank lines up for investment in FreeCharge

Japanese internet conglomerate SoftBank Group Corp is reportedly in talks to invest between $150 and $200 million in Snapdeal-owned digital payments unit FreeCharge. The investment could take FreeCharge’s valuation to $700 million-$1 billion, according to a report in The Economic Times on Thursday...

6 October, 2016 | More »


Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 | More »


Tencent to buy 15% in Chinese e-com firm JD.com for $215M in challenge to Alibaba

Tencent Holdings Ltd will buy a 15 perccent stake in e-commerce firm JD.com for $214.7 million, as the two seek to challenge Alibaba Group Holding’s dominant position in online shopping in China. The move comes ahead of JD.com’s planned $1.5 billion U.S. listing of its shares and is set ...

10 March, 2014 | More »


What’s up for Alibaba’s mobile app strategy?

Billionaire Jack Ma’s Alibaba, the dominant force in China’s $1.6 trillion e-commerce market, may already have lost a battle with rival Tencent for the world’s biggest mobile market. While Alibaba Group Holding Ltd dominates in e-commerce, Tencent Holdings Ltd has taken over China&...

25 February, 2014 | More »


China’s Tencent brand valued at $34B, close to Wal-Mart

The Tencent brand is worth about $33.9 billion even though it’s almost unknown outside its home turf, according to an annual ranking of China’s listed companies compiled by advertising company WPP Plc and its research affiliate Millward Brown. Global retailer Wal-Mart was valued at $36 b...

3 December, 2013 | More »

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