Tencent

Tencent’s super app WeChat just crossed a milestone of 1 billion monthly active users in the past Chinese Lunar New Year.

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.