Deal Makers, Financial, Global, Global Investment, News, Private Equity, Technology

Tencent Invests $2 Billion Buys 12 Percent Stake in Snap Inc

Tencent Invests $2 Billion Buys 12 Percent Stake in Snap Inc

China tech giant Tencent have bought 145.8 million non-voting shares ($2 billion) in Snap Inc, presenting a 12% shareholding in the US company.  The private messaging company went public on 2nd March 2017 at $17, reached a high of $29.44 the next day and 8 months later, is currently trading at $12.76 (10th November 2017).

“Chinese Tech Giant Tencent Invest $2 Billion, Buys 12 Percent Stake in Snap Inc”

Tencent had also developed the hugely popular messaging platform WeChat, with almost 1 billion users.  Snapchat has 178 million daily active users.

Source: South China Morning Post, Reuters, CNN


Video: IPO Live at the NYSE


Video: What is Snapchat


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact
  • For Media-related enquiries, please contact
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article