Tencent buys 5 percent stake in Australian buy-now-pay-later firm Afterpay

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Tencent buys 5 percent stake in Australian buy-now-pay-later firm Afterpay

Shareholding in the Australian firm was worth about $390 million.

Chinese gaming and social media group Tencent Holdings has bought a 5 percent stake in Afterpay Ltd, the Australian buy-now-pay-later firm said on Friday. Tencent's shareholding in the Australian firm was worth about A$390 million (US$251.55 million), based on Afterpay shares' closing level on ...

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