Tencent Invests In Chinese Big Data Startup At $200 Million Valuation Amid Digitization Boom

Chinese tech giant Tencent and leading venture capital firm Sequoia China led a $25 million funding round in WakeData, a big data startup based in the southern coastal city of Zhuhai offering digital serivces for enterprises, underscoring the demand to digitize businesses in the Covid-19 era. "Tencent's investment in WakeData...