Tencent Taking Minority Stake in U.K. Digital Bank Monzo – Report
January 03 2022 - 04:34AM
TipRanks
Tencent Holdings (TCEHY) is in the process of acquiring a minority
stake in U.K.-based lender Monzo. Sky News reports that the Chinese
technology behemoth is investing in a minority stake as part of a
$100 million capital injection. TCEHY's share price fell 1.52% to
close at $58.30 on December 31. Tencent is an investment company
that offers value-added services and online advertising services.
TCEHY's earnings report for Q4 2021 is scheduled for March
23, 2022. Tencent Investment Tencent is the latest to add to
Monzo's growing investor portfolio, having already attracted Coatue
and the Abu Dhabi Growth Fund so far. The U.K.
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