US investors swarm Tencent jumbo

摘要

TENCENT HOLDINGS completed a US$4.15bn multi-tranche bond offering on Thursday, even though a recent antitrust fine for a fellow Chinese tech firm and uncertainty over the fate of a state-owned financial institution weighed on the Asian bond market. On Sunday, Alibaba Group Holding announced that it had been fined Rmb182bn (US$2.8bn) by China's State Administration of Market Supervision for antitrust violations. The country's largest technology companies have been under increased scrutiny lately and the cash penalty came as a relief considering that some market watchers had feared the regulator might even recommend breaking up the e-commerce company.