Tencent Turns Up Volume in Thailand

(Beijing) — In a new step to ramp up its presence overseas, Tencent has branded a leading Thai web portal with its own name, as local media said the Chinese tech giant has taken full ownership of the venture.

The rebranding will see Tencent Holdings Ltd. put its own name on Sanook Online, one of the largest websites in Thailand, Tencent's Thai unit said in a statement. Tencent bought 49.9% of the portal in 2010 for HK$81.7 million ($10.5 million).