Tencent Weighs International Note Offering as AI Spending Rises

Tencent is considering an international note offering as it continues to expand its artificial-intelligence infrastructure. The potential size and use of proceeds have not been specified. Tencent filed notice Monday of a proposed international note offering for professional investors. The filing did not specify the transaction’s size, currency or use of proceeds. The notes will not be offered publicly in the United States. The potential deal may include U.S.-dollar and offshore-yuan tranches. Tencent has not entered a binding agreement, and the company cautioned that the offering may not be completed.

Source: TokenPost