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TCEHY - 360 Finance Not Just Because Ant Financial Is Going Public
Tencent Holdings Ltd. ADR
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We are usually reluctant to participate in IPOs and upcoming Ant Financial issue, 33% owned by Alibaba (Nasdaq: BABA), will be no different. The issue did nudge us to take a closer look at the online lending space in China again, including 360 Finance, Inc. (Nasdaq: QFIN),