China's Tencent seeks $2b loan amid investment drive

China's Tencent seeks $2b loan amid investment drive

Tencent company name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip

Chinese tech giant Tencent Holdings is in talks with banks to raise up to $2 billion in new debt funding, Basis Point reported, citing three people familiar with the financing plans, amid a flurry of fund-raising by China’s internet giants.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter