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Monday, Mar 01, 2021

Tencent’s US$2.1 billion buyout of online search service Sogou could supercharge WeChat, analysts say

Tencent’s US$2.1 billion buyout of online search service Sogou could supercharge WeChat, analysts say

The proposed deal follows Tencent plan to invest around US$70 billion over the next five years in new digital infrastructure. Tencent, which runs the world’s largest video games business and China’s biggest social media platform, has moved to raise fresh capital up to US$20 billion
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