Tencent buys 5% stake in Tesla for $1.8 billion
Green Car Congress
MARCH 28, 2017
Tencent acquired the shares through Tesla’s latest registered offering of common stock (17 March 2017, earlier post ) and through open market purchases. In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., China-based Tencent Holdings Ltd. Tencent also just signed a $4.65-billion billion loan deal, Reuters reported.
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