Investors bet big on an Afterpay China play after Tencent takes a $300 million stake
Shares in fintech Afterpay skyrocketed on Monday on news that Chinese tech giant Tencent Holdings, the company behind WeChat, had spent $300 million for a 5% stake in the buy now, pay later venture. In early trade following the announcement, Afterpay (ASX: APT) soared 35% to a near record high of $39.59 before finishing the… Read more »