Waterloo-Based Tech Startup, Kik Reaches $1 Billion Valuation
Waterloo, Ontario-based social messaging application Kik has become one of three Canadian companies to be valued at $1 billion or more. This valuation comes after the company received an investment of $50 million (USD) from Chinese internet giant Tencent. With over 240 million registered users around the world, Kik has gained a great following and by…