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Chinese Tech company Tencent has acquired a five percent share worth $1.7 billion from Tesla auto industry.

According to reports, Securities and Exchange Commission confirmed the filing of the share contract between the two companies.
Tesla’s share contract with the second highest valued tech firm in Asia Tesla’s pushed the share price up by three per cent in pre-market trading and makes Tencent one of Tesla’s largest shareholders.
Tencent have been investing in auto industry in recent times, Tencent partnered with Didi Chuxing, China’s largest ride-hailing service that serves almost 400 million users across 400 cities.
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