Tesla has a big new investor from China.
Technology company Tencent has purchased $1.8 billion of Tesla stock, giving it a 5 percent ownership in the futuristic car company.
This is far from your usual sleepy corporate investment.
Tencent is a massive technology conglomerate that owns a variety of major internet companies that are big in Asia. Among its biggest pieces is WeChat, a massively popular messing app that some believe is the future of mobile.
In addition to its owned and operated companies, Tencent also has investments in a variety of other operations, including Snapchat, Lyft and China's Uber competitor, Didi. Read more...
More about Tencent, China, Elon Musk, Tesla, and Businessvia Zero Tech Blog
