Tencent has paid US$372 million for a roughly 5% stake in China International Capital Corporation (CICC), in a deal that will help the bank to “provide more personalised and diversified wealth management products and services for customers”, according to reports. The companies will collaborate on marketing and data analysis, an exchange filing said. According to a Bloomberg report, CICC said…
To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
Subscriber Only Content
This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.
Need help? Please see our FAQ Guide or email [email protected]