Comment on Tencent Invests US$63M into KakaoTalk the Korean WeChat by Why TechNode is writing about Korean startups - TechNode

['Ben Jiang', 'More Ben Jiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2012-05-17 00:00:00

Tencent revealed in its latest financial report that the company has acquired 13.54% of Korean mobile communication app KakaoTalk with US$ 63.7 million. That’s why some see it as the Korean WeChat. Tencent has a tradition of investing in southeast Asia market, especially in South Korea, while its past deals mainly involved in gaming companies. The China southern Shenzhen-based company is actively pushing WeChat into overseas market. Formerly known as Weixin in Chinese, Tencent lately rebranded the app to WeChat which makes more sense for English-speaking community, a move highlighted the firm’s determination in internationalizing the service.