Tencent buys Sequoia-, Morningside Ventures- and Google-backed SNS provider
Chinese internet behemoth – and the world’s third-largest internet company – Tencent Holdings has purchased social networking provider Comsenz for a reported $60 million, seeing backers Sequoia Capital, Morningside Ventures and Google exit their stakes in the Beijing-based company.
The move bolsters Tencent's position in the market across its portal, gaming and - most notably -QQ instant messaging services, the latter of which has nearly 1.5x the number of active accounts than China...