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Tencent takes 5% stake in Tesla

Wednesday 29 March 2017 | 08:44 CET | News
Chinese internet company Tencent has paid USD 1.8 billion for a 5 percent stake in Tesla, a published filing has shown. The buy is Tencent's second major US investment after Snap and the second electric vehicle manufacturer in which Tencent has acquired a stake, Recode noted. It led an USD 86 million round in Nio, previously known as NextEV, along with Baidu earlier this month.

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Categories: Internet / Mobile & Wireless
Companies: Baidu / Snap / Tencent
Countries: World
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