Chinese social media giant Tencent Holdings will bid for a stake in the company that provides WiFi services on China’s bullet trains in a deal worth more than RMB3.05 billion (US$485 million). Bullet Train Networks Technology Ltd., owned by the national railway operator China Railway Corporation, has announced plans to sell a 49% share in the company for least RMB3.05 billion (US$485 million) on the Beijing Equity Exchange, as part of China’s mixed ownership reform. Zhang Wei, vice president of …

Tencent Looking To Acquire $485M Stake In Chinese Bullet Train WiFi Operator appeared first on China Money Network.