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

By on
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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
afterpay finance software tencent

Sponsored Whitepapers

7 guidelines to deliver tangible results quickly
7 guidelines to deliver tangible results quickly
Power your firm's intelligent digital workplace with digital document processes
Power your firm's intelligent digital workplace with digital document processes
Give your employees a positive UX
Give your employees a positive UX
Customer Identity and Access Management for Dummies
Customer Identity and Access Management for Dummies
Modernise Government Agencies with Oracle's next-generation cloud services
Modernise Government Agencies with Oracle's next-generation cloud services

Events

Most Read Articles

Major banks' online services, airline systems go down

Major banks' online services, airline systems go down
CBA to bring in over 600 engineers

CBA to bring in over 600 engineers
ATO makes online users wait in virtual queue

ATO makes online users wait in virtual queue
CBA banking services suffer 10-hour outage

CBA banking services suffer 10-hour outage

Log In

Email:
Password:
  |  Forgot your password?