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A Chinese tech giant just made a big bet on the future of Tesla


Tesla has a big new investor from China.

Technology company Tencent has purchased $1.8 billion of Tesla stock, giving it a 5 percent ownership in the futuristic car company. 

This is far from your usual sleepy corporate investment.

Tencent is a massive technology conglomerate that owns a variety of major internet companies that are big in Asia. Among its biggest pieces is WeChat, a massively popular messing app that some believe is the future of mobile

In addition to its owned and operated companies, Tencent also has investments in a variety of other operations, including Snapchat, Lyft and China’s Uber competitor, DidiRead more…

More about Tencent, China, Elon Musk, Tesla, and Business

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