A PYMNTS Company

Tencent In Talks To Create $10B Streaming Giant In China

By  |  August 5, 2020

Tencent Holdings, widely known for its mobile text and voice messaging service WeChat, is behind extensive talks to merge China’s biggest game-streaming platforms, reported Bloomberg News.

Beyond this attempted megamerger, the tech company is on the move. Tencent has just launched WeChat Minishop, which will allow merchants to create an eCommerce mini-program inside WeChat using the tech giant’s tools instead of paying for developers.

Tencent started WeChat in 2011. The app is available on Android, iPhone, BlackBerry and Windows phone platforms and has more than 300 million active users, Tencent says on its website. The app competes with WhatsApp and Viber.

Full Content: PYMNTS

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.