Blog: chinese tech

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Tencent Can’t Lose With Its 12% Stake Purchase in Snap Inc

Zach Fuller
As tech’s big players continued to rollout their Q3 earnings reports, one of the most startling revelations was quietly embedded within Snap Inc’s stock ownership. The section read: In November 2017, Tencent Holdings Limited notified us that it, together with its affiliates, acquired 145,778,246 shares of our non-voting Class A common stock via open market purchases.
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