Is JOYY Inc A Buy? An Analysis Of Its Strengths And Challenges (NASDAQ:YY) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Kwai is a new social media platform that allows users to share and edit short videos ranging from 15 seconds to five minutes in length. Find funny short videos, add recordings and videos of your daily life, take part in daily challenges, or look for the best memes and videos. The app will make it easier for users to raise their profile and appear on trending pages. Kwai
2 days How Fintech Will Get Skeptics Into Crypto 3 days Monday Markets Rise On Stellar Jobs Report 7 days Not Even Bribery Allegations Can Crush Cannabis Boom 11 days Canada May Become Leader In Booming Battery Market 12 days Nearly 42% Of All Amazon Reviews Are Fake 13 days Kidnapping Is Big Business In Nigeria 14 days COVID Fraud Amounts To Nearly $570M 16 days Art Is Now An Algorithm 17 days TikTok Threatens America, Tesla Threatens China 18 days Small-Cap Energy Sectors With Big Upside 21 days Coinbase Valued At $68 Billion Ahead Of IPO 23 days 3 Stocks To Watch Amid AstraZeneca Covid Vaccine Snafu 24 days Get Ready For First Tax Hike Since 1993
Kansai Halifax Holdings Releases Report on Tencent Increasing Stake in Commodity Start-up Xingsheng Youxuan
TORONTO, Jan 11, 2021 - (ACN Newswire) - Kansai Halifax Holdings have today released a research report on Tencent Holdings Ltd increasing its stake in Xingsheng Youxuan. The global technology conglomerate is investing $100 million in the Chinese online grocery startup, which is valued at around $5 billion. In addition to Tencent, Xingsheng Youxuan is also in talks with other potential investors including Beijing Kuaishou Technology Co. to raise more funding, said Jonathan Scott, Director of EMEA Wealth Management at Kansai Halifax Holdings.
The capital injection from Tencent arrives as community buying platforms witness a boom in funding, and comes quickly after e-commerce giant JD.com Inc. acquired stock in the grocery delivery platform with their own $700 million investment.