Marbridge Daily

<- November 25, 2011 ->

Rumor: Tencent to Invest USD 8-Figure Sum in Roboo, 11/25/11

An industry insider revealed recently that Shenzhen-based internet company Tencent (0700.HK) is preparing to invest an eight-figure USD sum in mobile search provider Roboo. Roboo founder and CEO Han Song said that the six year-old site was indeed preparing to seek new funding in preparation for accelerated development, but demurred when asked whether or not it would work with Tencent. Last month it was revealed that Roboo had been profitable for 18 consecutive months.

According to industry rumors, many of Han's former Yahoo colleagues are now employed at Tencent in senior positions in search and advertising technology.

A spokesperson for Tencent declined to comment.

Editor's Note: In an e-mail exchange with Marbridge, a reliable industry source dismissed the above news as pure rumor.

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