Tencent buys 5% stake in Tesla for $1.8 billion
Green Car Congress
MARCH 28, 2017
In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Tencent also just signed a $4.65-billion billion loan deal, Reuters reported. Tencent reported net profit of $5.97 billion last year, up 43% on a 48% increase in revenue. Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars.
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