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China's Tencent in talks to invest $100-M in ShareChat's fundraising round
China's Tencent Holdings is in talks to join the ongoing funding round of ShareChat as the social media platform seeks to power the growth of its short video app Moj. The Chinese investor plans to invest USD 100 million in ShareChat through convertible notes. Earlier this week, ShareChat, operated by Mohalla Tech Pvt. Ltd, was reported to be raising USD 300 million from Google, Temasek and Times Internet at a valuation of approximately USD 5 Billion.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.