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Announced

Completed

Tencent completed its $120m investment in IngageApp.

Synopsis

Tencent completed its $120m investment in IngageApp, a SaaS customer relationship management software provider. Yang Daosheng, Tencent's senior executive vice president and president of cloud and intelligent industry business group, said that the common gene of IngageApp and Tencent is "connection", which is the reason why Tencent is optimistic about IngageApp.

Principals

INGAGEAPP

target

INGAGEAPP

Tencent Holdings

bidder

Tencent Holdings

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Market Context

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Shi Yanze

Shi Yanze

ManagerFounder and CEO at INGAGEAPP
Deal Bio
Total Deals
1/
Total Value
£98M
Yang Daosheng

Yang Daosheng

ManagerSenior Vice President at TENCENT HOLDINGS LIMITED
Deal Bio
Total Deals
1/
Total Value
£98M
Qiuning (Frank) Sun

Qiuning (Frank) Sun

LawyerPartner at Latham & Watkins
Deal Bio
Total Deals
37/
Total Value
£8,264M

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