I even wonder how Tencent thought Kik was worth $50m. That seems absurd. | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		criddell on Sept 26, 2019 \| parent \| context \| favorite \| on: Kik, once valued at $1B, is to be closed I even wonder how Tencent thought Kik was worth $50m. That seems absurd.

thesausageking on Sept 27, 2019 [–]

When Tencent invested, it had 300m users including 40% of teenagers in the US, and were growing fast.

For Tencent (which makes WeChat), it's worth it to spend 0.03% of their market cap to partner with a fast growing app in the US market.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact