Tencent

Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation

At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground, as the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight […]

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The US just added Tencent to its list of ‘Chinese military’ companies

While the Chinese internet giant Tencent is best-known for its super-app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of its most notable and still active investments include Reddit, Snap, and Fortnite creator Epic Games. Things might get a little awkward, though, because Tencent was designated a “Chinese military company”

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