Tencent eyes investment in Indian streaming video services start-up MX Player

//Tencent eyes investment in Indian streaming video services start-up MX Player

Tencent eyes investment in Indian streaming video services start-up MX Player

Tencent Holdings and Paytm plan to invest about US$100 million in Indian streaming service MX Player, according to a person familiar with the matter, as local and foreign companies compete for a piece of the country’s burgeoning online video market.The WeChat operator and Paytm, India’s digital payments leader, are in the final stages of discussions but specific terms may still change, said the person, who asked not to be named because the details are private.Jane Yip, a spokeswoman for Tencent…

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By | 2019-07-02T09:42:34+00:00 July 2nd, 2019|Technology|Comments Off on Tencent eyes investment in Indian streaming video services start-up MX Player