Stake in Tencent-backed WeBank to be auctioned after court ruling

Stake in Tencent-backed WeBank to be auctioned after court ruling

REUTERS/Aly Song

A stake of Chinese private lender WeBank, which counts gaming and social media firm Tencent Holdings Ltd as a major shareholder, is being auctioned with a price tag of 441 million yuan ($63.63 million) following a court ruling.

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