According to reports in Taiwanese media, Tencent will cooperate with India's leading mobile payment service company Paytm to invest about USD100 million into the Indian audio and video streaming service provider MX Player.

The reports said that the negotiation between Tencent and MX Player has entered the final stage; however, no specific investment terms have been determined.

In June 2019, Tencent launched its first overseas audio and video streaming service in Thailand, aiming to seek overseas business growth.

Based on prediction of industrial watchers, the Indian content streaming market scale will reach INR120 billion, which is about CNY12 billion, by 2023, marking an annual compound growth rate of 22%. With the investment in MX Player, Tencent will hold a position in this market.

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