Tencent Holdings Gets Approval for Shenzhen Private Bank

Tencent Holdings Gets Approval for Shenzhen Private Bank
… billion yuan ($ 483.9 million) in registered capital and that it will hold a 30% stake in the bank. Two other private companies in the city of Shenzhen, where Tencent is based, will hold 20% stakes, respectively, while smaller investors will own the …
Read more on Wall Street Journal

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