Thursday, 30 March 2017

Tesla Deal to Boost Chinese Share in US Auto Industry

Chinese Tencent has bought stake in Tesla Motors. Chinese internet company Tencent Holdings Ltd has just made a SGD 2.48 billion investment in Tesla, buying a 5% share of the electric car company. The purchase was revealed in a US regulatory filing, and means Tesla will have a new partner with deep pockets, on the...
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