Tencent raises $4.6bn in dual dollar, yuan bond issuances

Major US banks involved in Chinese tech titan's first greenback bond since 2021

China's Tencent has vowed to step up investment in AI and other businesses as its battle with ByteDance and Alibaba heats up.  © Reuters

HONG KONG -- Tencent has raised a combined approximately $4.6 billion through dual-currency bond offerings, one denominated in U.S. dollars and the other in offshore yuan, as the Chinese tech giant continues to increase its investments in various businesses.