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

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