According to a Wall Street Journal report on the 27th of the Sina US stock market, Beijing time,TencentThe holding is in talks to invest 400 million US dollars in Ola, India's largest ride-hailing app.

The Wall Street Journal quoted India's Economic Times as saying that potential investment from Tencent will push Ola's valuation above 4 billion US dollars. Additionally, the investment will allow Bangalore-based Ola to receive more capital to compete with Uber in the local market. According to the report, Ola had previously been withMicrosoftNegotiate potential investments.

Allegedly, up to now, Ola has raised 1.7 billion US dollars from investors, including 250 million US dollars from Japan's SoftBank Corp., and investments from funds such as Ratan Tata's RNT Capital Advisors and US fund companies Falcon Edge and Tekne Capital Management.