StartupsTech in Asiaabout 5 hours ago
Tencent Weighs $5 Billion Offshore Bond Sale
2 min read
Tencent Holdings Ltd. is considering an offshore bond sale of up to $5 billion to fund artificial intelligence spending. This potential move follows a June debt offering of nearly $4.7 billion and comes as the company ramps up AI-related capital expenditures by 176% to 52.8 billion yuan in the June quarter, aiming to catch up to rivals like ByteDance Ltd. and Alibaba Group Holding Ltd. The sale could be denominated in dollars or offshore yuan and may occur as early as this month.
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