Paytm and Tencent to invest $100 million in MX Player: Report
Wednesday, July 3, 2019, 8:31 AM
Indian digital payment platform Paytm and Tencent Holdings plan to invest $100 million in Indian streaming service MX Player as per a report by Bloomberg. Tencent, the China-based operator of WeChat, has invested in movies and Over the Top (OTT) content in different countries. MX player competes with platforms like Netflix, Amazon and Hotstar in the fast-growing streaming market in India.
China's WeChat blocks 'shady' sugar daddy service
Saturday, May 26, 2018, 8:20 PM
China's top social media app WeChat has banned the "SeekingArrangement" dating website, popularly known as the 'sugar daddy' app, following criticism from state media that said it was a front for prostitution. It became one of the most downloaded applications in three days earlier this week following which it came under critical scrutiny from state media.