Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Tencent says it wants to cooperate with Snap on games, news feed
BackBack

Tencent says it wants to cooperate with Snap on games, news feed

Chinese tech firm Tencent says it wants to use its expanded stake in Snapchat owner Snap to explore cooperation on mobile games publishing and a news feed

Tencent, which first invested in Snap in 2013, has recently bought enough shares to raise its stake in the company to 12%. Photo: ReutersPremium
Tencent, which first invested in Snap in 2013, has recently bought enough shares to raise its stake in the company to 12%. Photo: Reuters

Hong Kong: Chinese tech firm Tencent Holdings Ltd said in a statement on Thursday it wanted to use its expanded stake in Snapchat owner Snap Inc to explore cooperation on mobile games publishing and a news feed.

Tencent, which first invested in Snap in 2013, has recently bought enough shares to raise its stake in Snap to 12%, the California-based company said in a regulatory filing on Wednesday.

Games and a news feed have not been a part of Snapchat, although the company on Tuesday launched a redesign. Reuters

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Nov 2017, 01:26 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie