From: Sultan Bin Sulayem To: Jeffrey Epstein <[email protected]> Subject: Thought you would be interested to know... Date: Thu, 30 Mar 2017 15:38:44 +0000 China's Tencent takes 5% stake in Tesla Tech group becomes fifth largest shareholder in US electric carmaker 0 Bloomberg Chinese internet group Tencent has taken a 5 per cent stake in electric carmaker Tesla as a first step towards breaking into the connected car market globally although the two groups have not yet agreed to share technology. Sample the FT's top stories for a week You select the topic, we deliver the news. The move follows Tencent's previous automotive investments including Chinese ride- hailing company Didi Chuxing and mapping group Here. The latter's other shareholders include BMW, Mercedes owner Daimler and Audi. Tencent said in a regulatory filing with the US Securities and Exchange Commission on Tuesday that it holds 8,167,544 shares in Tesla, translating to a 5 per cent stake in the company. The move makes it Tesla's fifth-largest shareholder, behind others including founder Elon Musk, according to Bloomberg data. Mr Musk on Tuesday evening tweeted: "Glad to have Tencent as an investor and advisor to Tesla." Technology companies including Apple and Amazon are racing to integrate their software into vehicles as cars become more connected and automated. Tencent is already involved in a range of technology ventures from social media and ecommerce to mobile games through its WeChat app. "The Tesla investment is pretty consistent with the evolution of Tencent," said Andrea Ghizzoni, Tencent's European director. "The Tesla investment could help us create a connected car that can use third-party services in WeChat, including calling contacts or paying for gas." Currently, Tesla and Tencent have no concrete plans to integrate their technologies, according to two people briefed on the situation. However, the Chinese group tends to further develop those technologies