According to foreign media reports on July 27, Chinese internet giant Tencent plans to invest 400 million U.S. dollars (approximately 2.7 billion U.S. dollars) in the application of Ola on India's online taxi. Once this investment is set, it will become the latest investment action by Tencent after it invested $1.4 billion in India's largest e-commerce company, Flipkart. Since last year, Ola has been seeking huge investments to balance Softbank’s dominant position in Ola’s largest shareholder. Tencent’s investment has greatly met Ola’s funding needs. The investment will increase the market value of Ola to 4 billion U.S. dollars (about 26.9 billion U.S. dollars), and at the same time boost the company's further competition with rival Uber. This is not the first time China Tencent has invested in travel companies. Tencent had previously invested heavily in Didi Chu and US company Lyft. Tencent has also invested in Southeast Asian taxi company Go-Jek and other Uber competitors. Therefore, the Tencent’s new round of Uber’s rival Ola’s investment moves are very intriguing. In November, Ola had raised 250 million U.S. dollars from Softbank. This year, Ola has successfully raised nearly 150 million U.S. dollars in investment. The investors include U.S. fund company Falcon Edge, New York-based fund company Tekne Capital Management and India's industry giant tower. Tower Group Honorary Chairman Ratan Tata's RNT Capital Advisors and others. (Internship Compilation: Zou Min Reviewer: Li Zongze) Indoor Rental Die-Cast 512x512
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