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Tencent weighs $5B bond sale to fund AI expansion: report
Seeking Alpha ·
Seeking Alpha reports: Tencent is said to be considering an offshore bond sale of as much as $5B, adding to the wave of tech companies seeking debt financing as artificial intelligence needs grow. The notes could be denominated in dollars and offshore yuan, and the sale may come as early as this month, Bloomberg reported. The move follows Tencent's (TCEHY) $4.66B bond offering in June, its largest debt deal since 2020. Last month, Japanese technology investment conglomerate SoftBank…