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Bonds

Tencent opens $4bn bond sale amid China debt market turmoil

Issue comes as internet platforms pressured over anti-competitive practices

Tencent Holdings and 33 other internet companies were told Tuesday to rectify their behavior in light of the $2.8 billion fine given to  Alibaba.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | China

HONG KONG -- Tencent Holdings is seeking up to $4 billion from bond investors even as default worries centered on a Chinese state company have shaken Asia's credit markets.

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