Tencent revealed in its latest financial report that the company has acquired 13.54% of Korean mobile communication app KakaoTalk with US$ 63.7 million. The deal was completed in last month.

KakaoTalk, which supports iOS, Android, Blackberry and of course Samsung’s Bada platform, shares the similar functions that Tencent’s WeChat has, like free text messaging, stranger social networking, group chatting and so on. That’s why some see it as the Korean WeChat.

As of now KakaoTalk boasts more than 42 million registered users.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.