Tencent makes new overseas fintech foray, joining biggest shareholder Prosus in US$80 million funding round of European online broker BUX

Source: South China Morning PostTencent Holdings and its biggest shareholder, Prosus, are investing in European online-trading group BUX, giving the two internet giants a greater foothold in the fast-growing sector.Tencent, operator of Chinese super app WeChat, and Netherlands-based Prosus led a funding round of US$80 million that BUX will use to expand its zero-commission investment platform, BUX chief executive Yorick Naeff said in an interview. The Amsterdam-based company will also hire more staff, especially software…Read More

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