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Talk app Kik valued at $1-billion after investment from China’s Tencent – The Globe and Mail

Talk app Kik valued at $1-billion after investment from China’s Tencent – The Globe and Mail

Talk app Kik valued at $1-billion after investment from China’s Tencent

A Blackberry photographed with the application Kik Messenger in Toronto, Ontario, Canada.

Deborah Baic/The Globe and Mail

Canada has another unicorn – a startup valued by private investors at $1-billion. Waterloo, Ont.-based talk app Kik joins the rarefied ranks of Shopify and others to become one of the few Canadian companies to garner the label following a $50-million (U.S.) investment from Chinese Internet giant Tencent .

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