Caixin
Sep 12, 2018 09:10 PM
BUSINESS & TECH

Backer of Hot New Messaging App Says WeChat Wanted to Invest

Tencent Holdings Ltd., which makes the WeChat app, has denied reports that it is seeking to invest in the new Bullet Message app. Photo: IC
Tencent Holdings Ltd., which makes the WeChat app, has denied reports that it is seeking to invest in the new Bullet Message app. Photo: IC

* Smartisan chief Luo Yonghao claims that the investment team from Tencent Holdings Ltd. had approached Bullet Message several times to request “meetings, communication or collaboration”

* Luo also declared his intention to spend 1 billion yuan ($146 million) over the next six months to increase Bullet’s user base to 100 million

(Beijing) — The flamboyant investor behind a recent hit messaging app has claimed that it has attracted “investment interest” from the owner of its archrival, WeChat — the ubiquitous social media platform that boasts more than 1 billion users.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.