A tech powerhouse just bought a stake in a prestigious investment bank.

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After speculation over whether or not it would occur, a closely watched and envied technology and gaming giant finally bought a stake in a storied investment banking franchise.  The forward thinking investor wasn’t based in the US,  but in China. And with its action, Tencent obtains a toehold into a firm with unparalleled government relationships and secures some new tools for its battle against rival Ant Financial. Well done, Tencent.