Tencent led a $110m financing round in MX Player.

Tencent led a $110m financing round in MX Player, a video app that offers both local playback and streaming services. Times Internet, which acquired a majority stake in MX Player in late 2017 for $140m, also participated in the Series A financing round. MX Player will use the fresh capital to double down on producing original TV shows and broadening its catalog of licensed content. The firm, which has so far added 15 original shows to its platform, has already commissioned production of another 20 by year-end.