Tencent scoops up 10 pct of Snap: Financial Times

Tencent has built a more than 10 percent stake in Snap, parent of Snapchat, the Financial Times is reporting. Tencent notified Snap in a regulatory filing that it had built a position of 145.8 million non-voting shares, the story said. Tencent, of China, is behind the popular messaging platform WeChat.