Announced
Completed
Financials
Sources
Tags
Cross Border
Venture Capital
Completed
mobile app
Friendly
Single Bidder
China
Private Equity
Minority
Digital Services
Acquisition
Private
Synopsis
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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