Tencent Invests in Electric Bicycle Firm Tenways

(Source: Tenways)

One of Tencent’s investment affiliates recently took a stake in ShenZhen Tenways Technovation Limited, a manufacturer of electric bicycles. The registered capital of the company increased 38.8%, from about 19.2857 million yuan ($2.7 million) to about 26.7669 million yuan ($3.8 million).

ShenZhen Tenways Technovation was hatched from Trin…