Chinese central bank approves Tencent-owned Tenpay's capital boost to $2.1b

Chinese central bank approves Tencent-owned Tenpay's capital boost to $2.1b

A man rides an electric bike past the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton/File Photo

China’s central bank has approved Tencent Holdings’ online payment platform Tenpay boosting its registered capital to 15.3 billion yuan ($2.13 billion), according to a central bank statement on Friday.