BEIJING—China's largest Internet company, Tencent Holdings Ltd., is purchasing a 10% stake in Digital Sky Technologies Ltd., a Russian investment firm that holds a stake in Facebook Inc.
Shenzhen-based Tencent, which popularized instant messaging in China and operates an online game portal and other Chinese Internet services, said it will invest approximately $300 million in Moscow-based Digital Sky, also known as DST. The companies plan to explore "new business opportunities" in the Russian-speaking Internet markets, said Tencent President Martin Lau in a joint statement Monday.
No comments:
Post a Comment