Tencent, GIC and BlackRock increase stakes in China’s Weimob

An employee places genuine Chinese one-hundred yuan banknotes into a counting machine at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, on Friday, July 13, 2017. Yuan is set to slide for fifth week, longest losing streak since July 2016, as escalating U.S.-China trade tensions weigh on sentiment. Photographer: SeongJoon Cho/Bloomberg

Tencent Holdings Ltd., Singaporean sovereign wealth fund GIC Pte and BlackRock Inc. increased their stakes in Weimob Inc. through a share sale that’s said to have netted $180 million.

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