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New Deal


Announced

Completed

Tencent led a $240m financing round in Kuaikan.

Financials

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Transaction Value£176m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Venture Capital

Completed

mobile app

Friendly

Single Bidder

China

Private Equity

Minority

Digital Services

Acquisition

Private

Synopsis

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Tencent led a $240m financing round in Kuaikan, a Chinese e-comics platform, with participation from CCB International, One Store and Coatue Management. The Beijing-based company said that it will invest $155m over the next three years to boost the development of original comics and another $155m to team up with partners for the production of comic-adapted videos and plays.

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