Chinese Tech Giant Tencent Acquires $250 Million Stake in Melbourne’s “Buy Now Pay Later” Firm, Afterpay
Tencent Holdings Ltd., a Chinese multinational conglomerate holding company whose subsidiaries offer various Internet-related products and services, has acquired a 5% stake, valued at about A$390 million (appr. $250.38 million), in Melbourne-based “buy-now-pay-later” firm, Afterpay. Tencent’s management confirmed that they built up their stake during… Read More
Read more in: Fintech, Global | Tagged acquisition, australia, buy now pay later, china, melbourne, nick molnar, tencent