In Brief: Tencent raises $6 bn via debt; Microsoft may pick Jio stake

In Brief: Tencent raises $6 bn via debt; Microsoft may pick Jio stake
Photo Credit: Reuters
28 May, 2020

Chinese technology conglomerate Tencent Holdings has secured $6 billion in debt, The Economic Times has reported. According to the term sheet, the deal was finalised early on Thursday in which Tencent raised $1 billion in five-year debt, $2.25 billion in 10-year, $2 billion in 30-year, and $750 million in 40-year debt. In the past couple of months, Tencent has backed companies like self-publishing platform Pratilipi, and learning platform Doubtnut, among others. 

Read: Tencent rolls out VooV Meeting in India

Microsoft  looks to buy a $2 bn stake in Jio Platforms

Technology major Microsoft is in talks with Reliance Industries’ Jio Platforms to buy more than 2.5% stake in the digital company, Mint reports. Jio has raised investments worth $10 billion from marquee investors, including Facebook, KKR & Co., Silver Lake, Vista Equity Partners, and General Atlantic in the past few weeks.

Google Pay faces scrutiny over abusing its market position

Competition Commission of India is looking into allegations against Alphabet’s Google of abusing its market position to unfairly promote its mobile payments app in the country, Reuters reported. The complaint has alleged that the company showcases Google Pay app inside its Android app store in India, giving it an unfair advantage over apps of competitors, the report said. 

Airtel inks deal with Nodwin Gaming to promoting esports in India

Telecommunications company Bharti Airtel has joined hands with esports company Nodwin Gaming to boost the e-gaming atmosphere across the country. Under the partnership, Airtel India Esports Tour will initially cover all Nodwin tournaments across gaming titles of PUBG Mobile and Clash of Clans, among others, according to a statement. Broadcast of the Airtel India Esports Tour will be available on Airtel’s digital platforms., the statement added.

Nasscom inks deal with healthcare firm Siemens Healthineers

Information technology industry lobby group National Association of Software and Service Companies (Nasscom) has entered into a partnership with Erlangen, Germany headquartered healthcare company Siemens Healthineers to nurture and support innovation in healthcare. The German company and Nasscom's Center of Excellence for the internet of things (IoT) and artificial intelligence (AI) (CoE-IoT & AI) will work with the Indian startup ecosystem to make healthcare more accessible and affordable, according to a statement.

PropTiger unveils property booking platform

Online real estate brokerage PropTiger.com has rolled out an end-to-end online booking facility on its portal. With the help of the portal, prospective buyers can find the right property, along with completing the entire booking process online, including booking the unit and making payments, according to a statement by the NewsCorp-backed company. Owned and operated by Elara Technologies, the Gurugram headquartered company has partnered with twelve real estate developers, who will be open for purchase on the online booking platform. PropTiger is owned by News Corp, which runs the parent organisation of this publication.