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Smule, the music app, raises $54 million from Tencent to expand into Asia

The Asian giant keeps expanding its tentacles into new markets Social media music startup Smule has raised 54 million dollars in a funding round led by Chinese technology giant Tencent Holdings Ltd., which recently acquired 5% of Tesla. With this new capital influx, the startup aims to boost international growth. The agreement will help Smule, headquartered in San Francisco, to expand into Asia, and thanks to Tencent’s thrust, pave the…

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