[New post] Tencent, eBay join Kakao bid for new South Korean Internet bank

sskarthik posted: "Kakao Corp, the operator of South Korea's largest mobile messaging app, said Tencent Holdings Ltd and eBay Inc have joined its bid for a new South Korean Internet bank license. Tencent and eBay will make their investments through subsidiaries, which " Respond to this post by replying above this line New post on SKarthik.info Tencent, eBay join Kakao bid for new South Korean Internet bank by sskarthik Kakao Corp, the operator of South Korea's largest mobile messaging app, said Tencent Holdings Ltd and eBay Inc have joined its bid for a new South Korean Internet bank license. Tencent and eBay will make their investments through subsidiaries, which are expected to take stakes of 4 percent or less in the bank should a license be gained, a Kakao spokesman said. South Korea is expected to grant one or two licenses for Internet banks this year. Read more... sskarthik | October 1, 2015 at 8:03 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3mWH Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/10/01/tencent-ebay-join-kakao-bid-for-new-south-korean-internet-bank/ Thanks for flying with WordPress.com