Kik Raises $50M from Tencent, in Bid to Become ‘WeChat of the West’ | Hacker News

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		Kik Raises $50M from Tencent, in Bid to Become ‘WeChat of the West’ (nytimes.com)
		6 points by fspeech on Aug 19, 2015 \| hide \| past \| favorite \| 1 comment

onedev on Aug 19, 2015 [–]

Ok I don't get this one. Can someone explain this to me?

From everything I know about Kik, it's far behind a lot of the other messaging platforms in terms of growth and market relevance. Why would someone put in a whole $50m at this stage?

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