INDIA > China based Tencent has finalized $400 million investment in India based ride sharing app Ola

Tencent logo The paperwork has been finalized and the deal is awaiting approval from CCI as China’s Tencent has finalized $400 million investment in ride-hailing Ola valuing Ola at over $3.8 billion. Sizeable portion will be allotted towards boosting the electric vehicle segment. Ola could also raise additional capital from US- based hedge funds Coatue Management. Ola has raised $2 billion from More …

USA > Tencent Holdings acquires 5% stake in Tesla for $1.78Bn

800px-Tencent_Logo.svg China based Tencent Holdings has been able to buy 5 percent stake in U.S. based electric car maker –  Tesla for $1.78 billion. The investment by Tencent is expected to help Tesla for vehicle production and to sell in the Chinese market.   About Tesla Tesla is an American automaker, energy storage company, and solar panel manufacturer. Tesla designs, develops, manufactures, and sells electric vehicles and energy More …