Tencent leads $110m funding in Indian video streaming service MX Player

Tencent leads $110m funding in Indian video streaming service MX Player

REUTERS/Aly Song

Tencent has led a $110.8-million new funding round in MX Player, a popular video app in India, as the Chinese internet giant is raising its stake in the exponentially growing market for streaming services, according to a report by The Economic Times.