Tencent led a $240m financing round in Kuaikan.

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.