Tencent Spreads Money Around the Tech World

More corporations, ranging from General Motors Co. to Sesame Street, are investing in technology companies. Asia’s tech titans are taking this investment splurge to a different level.

Snapchat parent company Snap Inc. disclosed Wednesday that China’s Tencent Holdings Ltd. bought roughly $2 billion in Snap stock recently. Tencent put money into Snapchat years before its March IPO, but this was something else: a big, passive investment in a publicly traded company. It’s hard to imagine Facebook Inc. or Google doing the same with a public tech company in Asia.

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