Marbridge Daily

<- November 25, 2011 ->

Rumor: Tencent to Invest USD 8-Figure Sum in Roboo

Ce.cn, 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.

 

Keywords:  profit  HR  Han Song  funding  wireless  Tencent  mobile search  Roboo  0700.HK 

Please note, all fields are required.
None of your personal information will be shared with third parties.

Please enter your name

Please enter a valid email address
(City, Country)
Please enter your location


You need to enter a message

SECTIONS

Index Telecom Wireless Internet Television Hardware & Software
Drop Shadow