AAA August 2015 – Page 6

Kik chats up Tencent for $50m

Tencent, the China-based internet company that owns instant messaging service WeChat, invested $50m in Canada-based messaging app developer Kik yesterday at a $1bn valuation. Founded in 2009, Kik operates a messaging app it claims has some 240 million users. The company will use Tencent’s series D funding to build out the messenger to an ecosystem… Continue reading Kik chats up Tencent for $50m

Gadgets 360° reviews funding round

Gadgets 360°, a technology-focused subsidiary of India-based media company NDTV, has raised an undisclosed sum from investors including mobile payment company One97 Communications, the Economic Times reported yesterday. One 97, the parent company of mobile payment service Paytm, was joined in the round by Inflexionpoint, the venture capital firm founded by technology company Apple’s former… Continue reading Gadgets 360° reviews funding round