Tencent to pick 5% stake in China investment bank CICC for $367m

Tencent to pick 5% stake in China investment bank CICC for $367m

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

Tencent Holdings Ltd will invest HK$2.86 billion ($366.6 million) in China International Capital Corp Ltd (CICC) for a 4.95 percent stake in the Chinese investment bank, CICC said on Wednesday.

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