April 12, 2010

Tencent invests 300 MUSD in DST, form strategic partnership

Chinese Tencent has invested $300 million in Russian Internet investment firm Digital Sky Technologies for 10.26 % ownership (economic interest mainly, as share of votes is 0.51 %). Obviously DST owns a few percentages of Facebook and Tencent operates QQ, one of the largest Chinese Internet services.

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