Shandong, the hidden gem on eastern coast of China which is famous for its beautiful scenery and precious cultural heritage in Taoist and Confucian, now launches global campaign on…
Ekuinas said the divestment translates to an IRR of 26.8 percent and money multiple of 1.96 times the capital invested.
Gowork plans to use the proceeds to expand aggressively and triple its footprint over the next year.
The acquisition is expected to be completed by the end of 2018, which will add more profit to KinerjaPay with a total sales of US$39 million.
The deal would bring Tencent into direct competition with arch rival Alibaba, which entered the Philippines last year when it invested in Voyager’s competitior: Mynt.
The cloud file service startup will use the capital to boost its presence in the Southeast Asia market, specifically in Singapore.