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Chinese internet giant Tencent buys 5% of Tesla

 Tencent, Asia’s second highest valued tech firm, has bought a five percent share in Tesla. According to a filing, the Chinese firm scooped up 8,167,544 shares for around $1.7 billion to become one of Tesla’s largest shareholders. The news itself sent Tesla’s share price up three percent in pre-market trading. The purchase was arranged on March 17, and those… Read More

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