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Kik gets $50M US investment from Chinese company

Media | 08/19/2015 4:03 pm EDT

Canadian chat-app maker Kik Interactive Inc. said Tuesday that it has received a $50-million US investment from China's Tencent Holdings Ltd., maker of WeChat messaging app. Kik CEO Ted Livingston said in a blog post on the company's website that Tencent is an ideal company to have as a partner. Livingston said "it was clear they understood chat deeply, making them a great sounding board. They had significant success and resources, allowing them to have the patience required for Kik to pursue a long-term vision for a chat-based ecosystem. And with so much of their focus on...