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Posts Tagged ‘Tencent Holdings’

By Paul Carsten and Pete Sweeney BEIJING/SHANGHAI (Reuters) – Tencent Holdings, Chinas largest Internet company by revenue, is betting that one-upmanship between friends playing addictive mobile games will boost revenue from WeChat, a social messaging app used by over half of all Chinese smartphone users. The company, led by billionaire CEO and Chairman Pony Ma, […]

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The participating investors included Tencent Holdings and Sequoia Capital, who led the round, according to a press release. CEO and founder Thor Fridriksson calls the game’s popularity “as exciting as it has been overwhelming” in the release.

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