Tencent has just revealed its Q1 2014 financials. Before we look at those, it’s worth focusing on WeChat, its hit messaging app. WeChat has now grown to 396 million monthly active users. That’s up from 355 million at the end of 2013, and has more than doubled from 195 million exactly a year ago. Here’s our updated chart:
As it approaches its 40th year, Singapore investment giant Temasek is stretching its legs, moving away from its finance-based comfort zone into sectors such as retail and African resources to ensure future growth, analysts say. With worldwide holdings worth S$215 billion (HK$1.33 trillion) at the end of March, Temasek is listed as one of the top 10 global players by the United States-based Sovereign Wealth Fund Institute. Its wide spectrum of interests spans banking, telecommunications, transport, life sciences and property, while more than 70 per cent of its investments are in Asia.
Online education platform and English-learning institution TutorGroup announced it has raised $100 million in strategic funding from Alibaba, Temasek Holdings, and Qiming Venture Partners. The latest figure adds to its $15 million round raised in April 2012. According to a report by VentureBeat, with its new funding from Chinese and Singaporean investors, it plans to build its brand within the Asia region.