Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

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Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

 Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors. The company, which owns Korea’s top mobile messaging app and one of the country’s largest internet portals, operates a sprawl of business that… Read More

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