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China Daily | Updated: 2016-04-16 07:39

Tencent 'in talks' for syndicated loan

Tencent Holdings Ltd, Asia's biggest internet company, is in talks with banks about getting a syndicated loan of as much as $2 billion as it expands operations and pushes ahead with acquisitions, people familiar with the matter said. The company, which operates the WeChat and QQ instant message systems, is seeking a five-year facility of $1.5 billion to $2 billion, according to the people, who asked not to be identified because the details are private.

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