Sogou had a 22 per cent share of China’s online search market at the end of June this year, behind the 66 per cent share of long-standing industry leader Baidu. Photo: Shutterstock

Tencent’s US$2.1 billion buyout of online search service Sogou could supercharge WeChat, analysts say

  • The proposed deal follows Tencent plan to invest around US$70 billion over the next five years in new digital infrastructure
  • Tencent, which runs the world’s largest video games business and China’s biggest social media platform, has moved to raise fresh capital up to US$20 billion
Topic |   Tencent
Sogou had a 22 per cent share of China’s online search market at the end of June this year, behind the 66 per cent share of long-standing industry leader Baidu. Photo: Shutterstock
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