Reported about 2 hours ago
Tencent Holdings has successfully raised 9 billion yuan ($1.27 billion) in an offshore bond deal, issuing three tranches of bonds with maturities of 5, 10, and 30 years. The company originally aimed to raise $1 billion, and the bonds were priced lower than initially anticipated. This funding comes as Tencent shifts its focus to sustainable investments in AI amid reducing capital expenditures.
Source: YAHOO