Ron Burgundy Posted January 9, 2015 Share Posted January 9, 2015 (Reuters) - Chinese auto information website operator Bitauto Holdings Ltd said JD.com Inc and Tencent Holdings Ltd would invest about $1.3 billion in the company, sending its shares sharply higher in early trading on Friday. E-commerce company JD.com and Tencent, best known for its communications app WeChat, will also invest a total of $250 million in Bitauto unit YiXin Capital Ltd. "...The three companies will work together to provide enhanced online automotive transaction services to car buyers across China," Bitauto said. The two companies will invest about $1. ... View the full article Quote Link to comment Share on other sites More sharing options...
Asser Posted January 9, 2015 Share Posted January 9, 2015 And i ask myself, "Where does all the money go?" Quote Link to comment Share on other sites More sharing options...
StyleeZy Posted January 9, 2015 Share Posted January 9, 2015 And i ask myself, "Where does all the money go?" Shares of the entire company. Tencent is a very smart investment group. I remember them investing somewhere around 600m into league and they own a decent % of riot. Quote Link to comment Share on other sites More sharing options...
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