{"id":19121,"date":"2020-05-04T15:07:22","date_gmt":"2020-05-04T15:07:22","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=279754"},"modified":"2020-05-04T15:07:22","modified_gmt":"2020-05-04T15:07:22","slug":"tencent-invests-in-consumer-lending-specialist","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/05\/04\/tencent-invests-in-consumer-lending-specialist\/","title":{"rendered":"Tencent invests in consumer lending specialist"},"content":{"rendered":"

<\/p>\n

\tWeChat Pay parent Tencent bought a 5 per cent stake in Australian credit-focused fintech company Afterpay, with both parties talking up future collaborations between the businesses.<\/p>\n

In a statement to the Australian stock exchange, Afterpay confirmed Tencent had built the stake in stages since late March, reaching 5 per cent by the start of May.<\/p>\n

Its total spend on the shares was just more than AUD300 million ($192.4 million). The holding is split between Tencent\u2019s holding company and its Tencent Mobility subsidiary.<\/p>\n

Afterpay\u2019s app and online offer allows users to divide the cost of purchases made on websites and partner retailers into four instalments. It currently operates in the US, UK and New Zealand in addition to its home market.<\/p>\n

A statement attributed to Afterpay co-founders Anthony Eisen and Nick Molnar noted: \u201cTo be able to tap into Tencent\u2019s vast experience and network is valuable, as is the potential to collaborate in areas such as technology, geographic expansion and future payment options on the Afterpay platform.\u201d<\/p>\n

Tencent CSO James Mitchell added the intent was for a \u201cdeep and long-term business partnership\u201d.<\/p>\n\n

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WeChat Pay parent Tencent bought a 5 per cent stake in Australian credit-focused fintech company …<\/p>\n

The post Tencent invests in consumer lending specialist<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Tencent invests in consumer lending specialist - ITTeacherITFreelance.hk","description":"WeChat Pay parent Tencent bought a 5 per cent stake in Australian credit-focused fintech company ... The post Tencent invests in consumer lending specialist app"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/19121"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=19121"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/19121\/revisions"}],"predecessor-version":[{"id":19122,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/19121\/revisions\/19122"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=19121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=19121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=19121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}