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Snap's big Chinese investor just revealed some of its plans

  • Chinese tech giant Tencent said on Thursday that it wanted to work with Snapchat owner Snap Inc to explore mobile games publishing and a news feed
  • Tencent recently bought enough shares to raise its stake in Snap to 12 percent

Chinese tech firm Tencent Holdings said in a statement on Thursday it wanted to use its expanded stake in Snapchat owner Snap to explore cooperation on mobile games publishing and a news feed.

Tencent, which first invested in Snap in 2013, has recently bought enough shares to raise its stake in Snap to 12 percent, the California-based company said in a regulatory filing on Wednesday.

Games and a news feed have not been a part of Snapchat, although the company on Tuesday launched a redesign.