Tencent invests $50M in Kik at a $1B valuation

(Reuters, Alastair Sharp and Nick Zieminski) – China’s Tencent Holdings Ltd has taken a $50 million stake in Kik Interactive, an investment that values the Canadian mobile messaging company at more than $1 billion, Kik said on Wednesday. Kik, a Waterloo, Ontario-based company whose chat platform is popular with U.S. teens, has long said it […]...