Tencent invests $50m in Canada's Kik Interactive

Canadian instant messaging service provider Kik Interactive said on Aug 19 that it had received a $50 million investment from the Chinese Internet company Tencent Holdings Ltd, which pushes Kik's value to more than $1 billion.

A display board showing Tencent Holdings Ltd's WeChat messaging and online payment services at an expo in Beijing. Its investment in the Canadian messaging firm Kik Interactive is part of efforts to tap the North American market.[Photo provided to China Daily]