Tencent connects to XYLink for series C investment

Apr 19, 2019 • Jack Hammond

The cloud-based video conferencing software provider has reeled in a nine-figure renminbi amount from Tencent to further develop its product.

China-based video conferencing technology developer XYLink has received several hundred millions of renminbi (RMB100m = $14.8m) in series C financing from internet group Tencent, China Money Network has reported.

Founded in 2015, XYLink has created a cloud-based software platform that facilitates face-to-face communication between multiple people through electronic devices. In addition to video conferencing, it also offers services such as telemedicine and remote finance in addition to video hardware terminal equipment.

The company’s cloud video services have been utilised by…

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