Posted inChina

Tencent boosts financial side with fund sales license

Chinese Internet giant Tencent has acquired a third-party fund sales license via a wholly-owned subsidiary, Tengan Information Technology Co. Ltd., with the aim of further expanding its financial business, Yicai.com reported. “Acquiring the license means Tencent has one more channel to sell its fund products,” said Wang Qunhang, a senior analyst in the research center […]