Wednesday, August 19, 2015

China’s Tencent invests US$50M in Canadian messaging app Kik

On its way to becoming the ‘WeChat of the West’, the funding puts Kik in unicorn territory with US$120.5 valuation Canadian messaging app Kik announced today that it has received US$50 million in*funding from one of its partners, China’s Tencent, as*reported by TechCrunch. The investment put the company’s worth at US$120.5 million,*pulling it into unicorn...
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