Wingtech will indirectly own 75.86 percent of Nexperia as a result of the deals.
His exit comes at a time when Tencent is reeling from a Chinese crackdown on online gaming
IPOs & Markets
Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. But in a surprise move, it postponed its main
News of its investment in Chaping, a WeChat-based online media firm, had spurred questions about Tencent's commitment to protecting intellectual prope
Canaan has seen a surge in demand for its mining machines amid a global boom in crypto-currencies, with the price of bitcoin jumping more than 1,300%
Tencent subsidiary is buying a 6% in Better Life for $140 million.
Deals to start building 5G networks are still largely a year away, but Huawei has signed 25 MoUs with telecom operators.
Leshi was trying to resolve debt owed by Jia and his companies by seeking equity stakes in his businesses, including Faraday Future.
LE Corporation Limited, a unit of LeEco, has applied to liquidate the business according to court documents.
SenseTime will consider Hong Kong, the United States and China for its initial public offering.
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