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Tencent raises $2b in two-part bond sale

By Bloomberg | China Daily | Updated: 2015-02-06 07:46

Tencent Holdings Ltd, China's second-largest Internet company, has gone overseas for more financing as the nation's consumer-focused technology companies expand their international clout.

The operator of WeChat, one of the most popular social messaging services in China with about 468 million monthly users, has sold a total of $2 billion in a two-part bond sale that adds to Tencent's dollar-denominated debt after its last issuance in a $2.5 billion offering in April.

Alibaba Group Holding Ltd, the competitor founded by billionaire Jack Ma, sold $8 billion of notes in November after raising a record $25 billion in an initial public offering in the US in September.

Tencent raises $2b in two-part bond sale

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