Tencent completed the acquisition of Iflix.

Tencent, a Chinese multinational conglomerate holding company, completed the acquisition of Iflix, a Malaysian video streaming platform. Financial terms were not disclosed. The Chinese tech giant said in a statement that Iflix’s catalogue of “international, local, and original content” would enable it to expand the reach of its overseas video streaming service, WeTV, which it launched in Thailand in 2019.