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March 11, 2014 08:45 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GrkdeHfMgrs/
If WhatsApp Is Worth $19B, Then WeChats Worth At Least $60B Says CLSA
Heads turned when Facebook forked out $19 billion for messaging service WhatsApp in February, and eyes popped when Facebook CEO Mark Zuckerberg said it was probably worth even more. Now, analysts over at Crdit Lyonnais Securities Asia have taken up the baton on outsized messaging app valuations: it says that WeChat, a Chinese competitor owned by Tencent, is worth "at least $60 billion," because… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/GrkdeHfMgrs/
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