FILE PHOTO: A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song/File Photo
November 9, 2017
HONG KONG (Reuters) – Chinese tech firm Tencent Holdings Ltd said in a statement on Thursday it wanted to use its expanded stake in Snapchat owner Snap Inc to explore cooperation on mobile games publishing and a news feed.
Tencent, which first invested in Snap in 2013, has recently bought enough shares to raise its stake in Snap to 12 percent, the California-based company said in a regulatory filing on Wednesday.
Games and a news feed have not been a part of Snapchat, although the company on Tuesday launched a redesign.
(Reporting by Sijia Jiang in Hong Kong; Writing by David Ingram in San Francisco; Editing by Chris Reese)
