Tencent’s further expansion in Thailand comes as more Chinese internet companies look towards Southeast Asia for new engines of growth
Chinese internet giant Tencent has teamed up with Thai start-up Ookbee to launch a digital content platform as the Shenzhen-based company buckles down on expanding its presence in Southeast Asia.
Both Tencent and Ookbee have entered a joint venture that will spawn the launch of Ookbee U, a user-generated digital content platform. Tencent’s investment amounts to US$19 million, according to tech news site Techcrunch, which cited an unnamed source.