China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Tencent's Acquisition Strategy Centers Around Monetizing Wechat App
Aggregated Source: China Money Network
Chinese Internet giant Tencent Holdings Ltd. has spent at least over US$3.5 billion on eight major deals since last September, buying up stakes in gaming companies, logistics, mapping and e-commerce platforms. Its central theme: to leverage and monetize its fast-growing mobile messaging app WeChat, which has 355 million monthly active users as of March 2014. […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Original URL: Click here to visit original article
Copyright China Money Network