Tencent, Naspers eye stake in SG payments solutions firm Pine Labs: Report

Tencent Holding Ltd

Chinese internet giant Tencent and Naspers of South Africa are considering picking up a stake in Pine Labs, a payments solutions firm headquartered in Singapore, in a fundraising deal that could value the startup at about $1.5 billion, according to a Times of India report.

DealStreetAsia first reported in August that Pine Labs was in advanced talks to close its new funding round at a valuation of around $2 billion.

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