Tencent confirms acquisition of ailing pan-Asian streamer iflix

Chinese tech giant Tencent has confirmed that it has acquired the “content, technology, and resources” of Malaysia-based, pan-Asian streaming service iflix as part of a push into Southeast Asia. Tencent will use the platform to expand its WeTV service, which it launched in Thailand last year, across the region. The Shenzhen-based tech firm also operates the Tencent Video platform in China and financial press has recently speculated that it’s also making a play for its Chinese streaming rival iQiyi. Headquartered in Kuala Lumpur, iflix...