Geely, Tencent to buy 49% stake in China Railway unit

A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song/Files

Zhejiang Geely Holding Group and Tencent Holdings Ltd have won a bid to acquire a 49-percent stake in a subsidiary of state-owned China Railway Corp, Geely said on Thursday.

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