Tencent Completes Investment in Kaspi.kz with 6M ADR Purchase

Gate News message, April 20 — Kaspi.kz, a fintech company based in Kazakhstan, announced that Tencent, alongside company management and long-term investors, has completed the acquisition of 6 million American Depositary Receipts (ADRs) from Barings FinTech Ventures.

Other buyers in the transaction include fintech investment firm Spice Expeditions and endowment funds from U.S. universities including the University of Washington and University of Wisconsin foundations.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments