Chinese technology company Tencent has purchased a five per cent share in Tesla in a deal worth approximately $1.7 billion.

A filing with the Securities and Exchange Commission confirms that the second highest valued tech firm in Asia purchased 8,167,433 shares in the Silicon Valley electric startup. The move sent Tesla's share price up by three per cent in pre-market trading and makes Tencent one of Tesla's largest shareholders, Tech Crunch reports.

This isn't Tencent's first investment in the automotive industry. Most notably, it has a stake in Didi Chuxing, China's largest ride-hailing service that serves almost 400 million users across 400 cities.

What's more, the tech firm is also working on artificial intelligence and recently hired a senior machine learning researcher that previously worked for Baidu.


Source:
http://www.autoreportng.com/2017/03/chinese-tech-giant-tencent-buys-17.html

By this act, Telsa will have more money to run its project and do some more runnings.


See more here...

http://www.autoreportng.com/2017/03/chinese-tech-giant-tencent-buys-17.html

This is a great step!
Download Top 5 Android movie Apps
HERE

Look at the way Chinese firms are infiltrating every country and recording progressive growth everyday. Before you know it they will make an offer that Tesla can't refuse and Tesla will sell or become minor shareholders.
Chinese government have a way of throwing their heavy weight behind Chinese corporations to make viable acquisitions and mergers.
Look at what they did to General Motors, Ford, Volvo etc.

China is developed yet developing.

Rextayne:
This is a great step!

Anything Chinese put their hands in will never be the same again

Typing...

Seems Telsa is the future.....

AutoReportNG2:
By this act, Telsa will have more money to run its project and do some more runnings.


Lalasticlala, Seun

the "runnings" by my guess would in no way benefit the land of Naira.

The land will be green again

soberdrunk:
Seems Telsa is the future.....

your statement is incomplete

Tazdroid:
your statement is incomplete

Feel free to complete it!

CHINESE GET MONEY O; ABI NA THEIR GOVT THEY SPONSOR ALL THIS MEGA DEALS FOR THEM

emmabest2000:


Anything Chinese put their hands in will never be the same again

Lol

mk12345:
first of all i will like to thank almighty God for showing me MR IFEANYI
at first though he was a not real but want to give him a trial about his fixed game
he do adverts so i call and
tell him that i am interested so he gave price and we concluder at price
twenty thousand naira and i pay behold this morning when i check it game
it's won and successful giving me joy i cant explain.....
to call or whatsapp my mentor, my daddy, MR ifeanyi see number on the picture below.

He no go beta for you and Mr Ifeanyi... We look like kids here abi?

mk12345:
first of all i will like to thank almighty God for showing me MR IFEANYI
at first though he was a not real but want to give him a trial about his fixed game
he do adverts so i call and
tell him that i am interested so he gave price and we concluder at price
twenty thousand naira and i pay behold this morning when i check it game
it's won and successful giving me joy i cant explain.....
to call or whatsapp my mentor, my daddy, MR ifeanyi see number on the picture below.

Fixed match ko fixed match Ni

Fantastic

mk12345:
first of all i will like to thank almighty God for showing me MR IFEANYI
at first though he was a not real but want to give him a trial about his fixed game
he do adverts so i call and
tell him that i am interested so he gave price and we concluder at price
twenty thousand naira and i pay behold this morning when i check it game
it's won and successful giving me joy i cant explain.....
to call or whatsapp my mentor, my daddy, MR ifeanyi see number on the picture below.

You know say you dey craze

They've seen the future already!

I wish I could buy my own shares now..

Meanwhile, for your generator power booster, call me.
With this booster, you will be able to use heavy loads like pressing iron, etc on generator, even small ones, and not affect the coil.
N4500 only
0811 938 7235

QuietHammer:
To be honest, I don't understand what I just read.

Its a shame!

see money

China is taking over globally.

The Chinese culture that shuns individualism is the foundation. Ten families can pull resources together and no one is assassinated. Throw in ease of accessibility cheap credit through the banks, then you get business people that go on acquisition spree.

We are still far away behind

I am not understanding anything.

Dottore:
Look at the way Chinese firms are infiltrating every country and recording progressive growth everyday. Before you know it they will make an offer that Tesla can't refuse and Tesla will sell or become minor shareholders.
Chinese government have a way of throwing their heavy weight behind Chinese corporations to make viable acquisitions and mergers.
Look at what they did to General Motors, Ford, Volvo etc.

The American govt is also involved in tesla.

Why can't I buy their shares online
Why is it only their products that we can easily access online

Other climes making progress, and breakthroughs, while my dear Africa is wallowing in intellectual penury, tribalism and superiority complex within the tribes

Africa has a long way to go mehn, and we need to be serious

awesome news, go Tesla go Musk


Are You Music Lover? All You Need Is Spotify Premium App