GUANGZHOU -- Tencent Holdings will issue yuan bonds outside of mainland China for the first time, the tech giant said Wednesday, raising 9 billion yuan ($1.3 billion) to invest in artificial intelligence development.
Bonds
Tencent serves up first 'dim sum' bonds to fund AI investment
Chinese tech group's $1.3bn offering comes amid surge in capital spending
Tencent Holdings has said it plans to put more than 10% of its 2025 sales into AI-related investment. (Photo by Itsuro Fujino)
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