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In addition to founders at MalaysiaвЂ™s Catcha Group, major international media firms Sky, Liberty Global and Hearst Corporation had put up $348 million over seven funding rounds. That price would be a significant discount to the valuation Iflix had expected to achieve through an IPO, and an even bigger discount to the amount of capital it had raised. Deal terms were not immediately available, though the Chinese firm is understood to be paying вЂњseveral tens of millions of dollars,вЂќ according to sources familiar with the agreement. Tencent is using a special purpose company to make the transaction. It reported a 30% increase in after-tax losses to $158 million in the calendar year 2018.

Despite that, and the recent collapse of its most immediate rival Hooq, Iflix was losing money heavily. Through the purchase, WeTV will further extend our presence in the video streaming industry across Southeast Asia, to reach a broader audience base within the region and to better serve our users with better viewing experience.вЂќДЄs of April 2020, Iflix had more than 25 million active users on its service, with over 2.5 billion minutes viewed per month.

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вЂњThe purchase comprises a strong local network across emerging markets with a wide and compelling selection of video content such as TV shows, movies and local originals, to stream or download, on any Internet-connected device. This is in line with our strategy to expand our international streaming platform, WeTV, across Southeast Asia and provide users with international, local and original high-quality content in a wide range of genres and languages,вЂќ Tencent said in a statement emailed to Variety. вЂњWe confirmed that Tencent has purchased iflixвЂ™s content, technology and resources.

These include Marc Barnett, who remains CEO for the foreseeable future. The majority of IflixвЂ™s current staff are expected to be retained. Industry sources tell Variety that content partners have been informed, and that the Iflix brand name will continue to operate for a period of at least 6-12 months. The move represents further consolidation of the regional streaming business in Asia, and is by far the biggest international outreach manoeuvre to date by any of ChinaвЂ™s massive video streaming firms.

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Download starts from the authorized website of the Tencent Video app.Chinese social media and entertainment giant Tencent is to buy control of Iflix, a Southeast Asian streaming firm with operations in 13 countries. are the property of the respective owner of Tencent Video.ДЄlso, we do not use our server to download Tencent Video apps. Every element about Tencent Video apps like images and trademarks etc. We are not an affiliated partner of Tencent Video. This app is the property of its developer/inc. Watch My Girlfriend is an Alien, Forget You Remember Love, and The Love Equations now! Stay strong and be healthy! Tencent Video provides abundant titles for you to pick during the stay at home period. Tencent Video Top list and filtering feature are online! You can find what youвЂ™re interested in even faster.Дў. Twitter: WhatвЂ™s New On New Version Of Tencent VideoДЎ. For our latest content and timely support, please follow WeTV social media accounts: Whenever you encounter any errors or problems while using WeTV, please send us your feedback or comment to our email at to help us improve our service. Screen control: You can swipe your screen up and down with your finger to adjust volume and brightness and swipe left and right to skip back or forward the video. You can also switch language based on your preference. Subtitles: We provide multiple languages and subtitles for you to choose from.

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You can also enjoy Blu-ray picture quality (Full HD) to upgrade the watching experience.

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When you are watching with cellular data, you may select 360P to save your data. Video definition adjustment: You can select different picture qualities based on your demand. We make it easier for you to find a specific category that you want to explore more.Д¬ontinue to watch: We help you to remember where you left last time and pick up from there directly. Finally, here comes the place to watch original and popular shows, dramas and variety shows! WeTV presents selected and top-hit shows and dramas for you to stream with premium watching experience.Д¬ategory selection: Movies, dramas, and variety shows are categorized into different pages.

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