Tencent buys a 5% stake, worth about AU$390M, in Australia-based buy-now-pay-later company Afterpay (Reuters)

Reuters:

Tencent buys a 5% stake, worth about AU$390M, in Australia-based buy-now-pay-later company Afterpay  —  (Reuters) – Chinese gaming and social media group Tencent Holdings has bought a 5% stake in Afterpay Ltd, the Australian buy-now-pay-later firm said on Friday.