Yahoo Finance [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
latest funding round, as more Chinese local governments extend support for the technology 's domestic development. Fortera Capital, a private-equity firm under the Shanghai State-owned Capital Investment Co (SSCIC), led Stepfun's recent series B financing, according to Fortera's WeChat post on Monday. Chinese video-gaming and social-media giant Tencent Holdings as well as Qiming Venture Partners - an early investor in ByteDance Xiaomi and Meituan - also took part in Stepfun's second financing round, according to a report by Shanghai Securities News, a local financial media outlet owned by Xinhua News Agency Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Shanghai-based Stepfun, which was founded in April last year, will use the new funding to develop foundational AI models - focused
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