The internet giant has reportedly been linked to an investment in social networking site Kaixin, thought to be about $100m.
China-based internet company Tencent is planning to invest around $100m in China-based social networking website Kaixin001, according to the China Times, which quotes an unnamed insider as the source.
Founded in 2008, Kaixin is the oldest of China’s major social networking sites, and has raised an estimated $25m in funding from venture capital firms Northern Light Venture Capital, Ceyuan Ventures and QiMing Venture Partners, according to online financial database Crunchbase.
Tencent is currently the largest internet company in China.…
