Sign up to receive 5 free days of our daily summary for tech news.

True Value: Uber's Confidential Documents Show Path to $90 Billion IPO. Read the full story here.
Asia Startups E-commerce

Tencent to Invest in Brazilian Fintech Startup at $4 Billion Valuation

Chinese internet giant Tencent has agreed to invest about $200 million in Brazil’s Nubank, which offers virtual credit cards, in a deal that values the startup at around $4 billion, a person familiar with the matter said.

Tencent’s first investment in Brazil makes Nubank one of the most valuable startups in Latin America. It is the latest sign of how China’s tech titans are seeking new opportunities in major emerging markets such as Southeast Asia, India and Latin America, creating new challenges for their Silicon Valley counterparts. Nubank was valued at $2 billion in March, according to startup tracker CB Insights.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

No subscription? You're missing out.

Join the high-powered community of tech and business leaders who rely on The Information's original news and in-depth reporting.

Subscribe

Recent Articles

Facebook Entertainment

The Tech Industry: 2013 through 2018

By Jessica E. Lessin

Asia Google Cloud

Google and Tencent Secretly Explore Cloud-Computing Cooperation

By Juro Osawa

Asia Venture Capital

How Hillhouse Hopes to Build China’s CVS

By Yunan Zhang

Asia Startups E-commerce

Go-Jek to Buy Stake in JD.com’s Indonesian E-Commerce Business

By Juro Osawa