China's investment holding giant Tencent is reportedly taking a 10% stake in Snap SNAP, TCEHY

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China's investment holding giant Tencent is reportedly taking a 10% stake in Snap (SNAP, TCEHY).


A new report coming from CNBC says that Chinese investment giant Tencent has taken a 10% stake in Snap, the parent company of the popular social network Snapchat.

"Tencent purchased the 145.8 million non-voting shares over the last quarter," the report says.



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Tags:
China's investment
holding giant Tencent is reportedly taking a 10% stake in Snap (SNAP
TCEHY)
China's investment holding giant Tencent is reportedly taking a 10% stake in Snap (SNAP