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TENCENT Joins Stake in Kazakhstan Fintech Firm Kaspi
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TENCENT (00700.HK) has made its first investment in the Kazakhstan fintech sector through acquiring a stake in Kaspi.kz JSC, foreign media reported.

Kaspi.kz JSC said in a statement that TENCENT, together with Kaspi co-founder and CEO Mikheil Lomtadze and certain senior executives, purchased 6 million ADRs from Baring Fintech Venture Funds.

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Morgan Stanley acted as financial adviser for the transaction.

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