Tencent confirms buying ailing Malaysian streaming platform iflix

Photo: REUTERS/Jason Lee/File Photo

Chinese internet giant Tencent Holdings has confirmed it has purchased Malaysia-headquartered video streaming platform iflix’s content, technology and resources as it seeks to expand its international streaming platform WeTV across Southeast Asia.

“This is in line with our strategy to expand our international streaming platform, WeTV, across Southeast Asia and provide users with international, local and original high-quality content in a wide range of genres and languages,” Tencent said in a statement, responding to a DealStreetAsia query.

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