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China's Tencent invests in India's Hike to take on WhatsApp

Facebook may have a new India problem. SEE ALSO: This Indian carrier shows Facebook how to give free Internet to users WhatsApp’s India rival Hike has raised $175 million in funding at a valuation of about $1.4 billion in a Series D round led by China’s Tencent and Foxconn, making it the latest tech “unicorn” in the country. Hike was founded by Kavin Bharti Mittal, the scion of Bharti Enterprises, which also owns India’s largest…

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Source – Mashable:
China's Tencent invests in India's Hike to take on WhatsApp

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