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March 28, 2017 12:44 pm GMT

Chinese internet giant Tencent buys 5% of Tesla

Tencent, Asia’s second highest valued tech firm, has bought a five percent share in Tesla. According to a filing, the Chinese firm scooped up8,167,544 shares for around $1.7 billion to becomeone of Tesla’s largest shareholders. The news itself sent Tesla’s share price up three percent in pre-market trading. The purchase was arranged on March 17, and those… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/r5UhoutTSag/

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