Tencent has agreed to invest US$371.6 million for a 5 per cent stake in one of the country’s most prestigious investment banks, China International Capital Corporation. Photo: Reuters

CICC shares soar 18pc as Tencent spends US$372m for a 5pc stake in the bank

Deal brings together two of China’s most pioneering companies from the tech and finance industries

Topic |   Tencent

TOP PICKS

Tencent has agreed to invest US$371.6 million for a 5 per cent stake in one of the country’s most prestigious investment banks, China International Capital Corporation. Photo: Reuters
READ FULL ARTICLE