Tencent Archive

India’s WhatsApp rival Hike raises $175M led by Tencent at a $1.4B valuation

India has a new tech unicorn. Hike, a four-year-old messaging app, today announced that it has closed $175 million in funding led by new investors Chinese internet giant Tencent and manufacturing firm Foxconn. The Series D round values the company at $1.4 billion, founder and CEO Kavin Bharti Mittal confirmed to TechCrunch. Tencent, the company that pioneered messaging with WeChat, is the big name here, but existing investors Tiger …

Advice for Snapchat from the world’s first Pokémon Go master

With a nearly $18 billion valuation, Snapchat has decided it’s time to make money. The company recently launched a massive expansion of its advertising, including in-stream ads that now play in its Stories feature, as well as an API that will make it much easier for advertisers to buy ads. Given Snapchat’s aspirations of going public, turning on the money spigot is a necessity. But …