Chinese tech giant Tencent takes 5% stake in Tesla

Chinese tech giant Tencent takes 5%  stake in Tesla

A Tesla logo hang on a building outside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson

Tesla Inc said Chinese tech giant Tencent Holdings Ltd has bought a 5 percent stake in the U.S. company for $1.78 billion, as Chinese firms aggressively invest in electric vehicles amid tighter emission rules in the country.

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