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Tencent’s US$372m investment in CICC to boost the bank’s wealth management drive

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…

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