JD.com and Tencent Holdings to invest $1.55 billion in Bitauto

Chinese auto information website operator Bitauto Holdings Ltd said JD.com Inc and Tencent Holdings Ltd would invest about $1.3 billion in the company, sending its shares sharply higher in early trading on Friday.

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Canada's Kik raises $38 million, buys video messaging app Relay

Canadian mobile instant messaging company Kik Interactive Inc said on Wednesday it had raised C$38.3 million and acquired video messaging company Relay as it aims to turn its youth-focused application into a broader platform for commerce.

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Tencent teams up with IBM to offer business software over the cloud

Tencent Holdings Ltd said on Friday it would collaborate with International Business Machines Corp (IBM) on a new cloud software business for corporate customers, a marked departure for one of the dominant forces in China's consumer Internet industry.

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Facebook wins EU approval for $19 billion WhatsApp bid

Facebook (FB.O), the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.

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WeChat helps Apple rack up bonus points in China

Apple Inc has a lot for which to thank people like Deng.

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China says to crack down on pornography in mobile apps

China will crack down on smartphone apps featuring pornography and obscene content, the government said on Tuesday, the latest move in an official campaign to 'clean the Internet'.

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US-based gameplay-recording startup Kamcord raises $7.1M to conquer Asia

New York, US-based mobile gameplay-recording startup Kamcord raised $7.1 million in a Series A funding round led by TransLink Capital to conquer the giant gaming markets of Japan, China, and South Korea.

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Weibo's IPO sold only 16.8 million shares from the 20 million expected share sale

The initial public offering of microblogging platform Weibo has only sold 16.8 million shares instead of its expected 20 million share sale, reported TechCrunch.

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Chinese messaging app WeChat releases image recognition to third-party users

Guangzhou, China-based mobile messaging app WeChat released its image recognition SDK (Software Development Kit) this week to allow third-party users to add the technology to their accounts.

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China closes popular WeChat accounts

Dozens of popular accounts of WeChat, the social messaging app of Tencent Holdings Ltd, were closed by Chinese authorities, Reuters reported citing Chinese media reports.

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Chinese messaging app WeChat undergoes major upgrade

With the spotlight suddenly turned on messaging apps after Facebook acquired WhatsApp, Chinese app WeChat released a major upgrade for the iOS and Android versions with new features such as real-time location sharing and chat history search.

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Tencent invests in Chinese taxi app Didi

Tencent Holdings Ltd, the biggest Internet firm in Asia, invested an unconfirmed amount in China-based cab booking app Didi Taxi to promote its payment service to mobile web users.

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Chinese taxi app Didi expected to close $100M in Series C from Tencent

Shenzhen, China-based taxi app Didi Dache is reportedly raising $100 million in a Series C funding round from investors Citic and Tencent for the integration of a payment platform into the app.

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Tencent upgrades WeChat as company hopes to boost revenue through games

Tencent upgraded WeChat as the Chinese company hoped to boost its revenue through addictive games on mobile devices.

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Tencent denies report about WeChat spin-off IPO in Singapore

Tencent denied China Daily's report that the company would list WeChat as a spin-off corporation in Singapore.

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