Tencent, Paytm mull $100m investment in Indian video startup MX Player

Tencent, Paytm mull $100m investment in Indian video startup MX Player

Tencent Holding Ltd

Tencent Holdings Ltd. and Paytm plan to invest about $100 million in Indian streaming service MX Player, according to a person familiar with the matter, as local and foreign companies compete for a piece of the country’s burgeoning online video market.

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