Tencent sells $5b bond, drawing comparisons to Alibaba

Tencent Bluehole PUBG
A pedestrian walks past Tencent Holdings Ltd.'s new under construction headquarters in Shenzhen, China, on Monday, Aug. 22, 2016. Photographer: Qilai Shen/Bloomberg

Tencent Holdings Ltd. sold $5 billion bonds, the company’s biggest U.S. dollar offering and the first time its issued debt since 2015, drawing comparisons to the debt of internet giant Alibaba Group Holding Ltd.

Continue reading this story with a subscription to DealStreetAsia.