Tencent

Tencent appears to be doubling down on new retail as it recently embarked on a retail investment frenzy.

Tencent appears to be doubling down on new retail as it recently embarked on a retail investment frenzy.

According to the source, Tencent, together with Indian media and technology company Times Internet Ltd. that founded the business, will invest a total of US$115m into the streaming service.

If the deal goes through, Alibaba, Tencent and Toutiao will be respectively backing the top 3 news aggregators in India, UC News, NewsDog and Daily Hunt.

The UK company has just landed $28 million investment and is targeting another $120 million in the following months.

Chinese authorities worried that a large armada of online lenders would leverage Tencent’s credit-scoring services to market suspicious financial products.

HLA is China’s leading menswear brand with more than 5000 stores across the country.

“The deal represents one of the world’s largest single strategic investments between internet companies and brick-and-mortar commercial giants.”