Nio (NYSE:NIO) is higher in AH trading after a filing by Tencent (OTCPK:TCEHY) discloses the company picked up 1.68M ADRs this month.
The buying action gives Tencent a 15.1% stake in Nio.
SEC Form 13D
Nio is up 2.18% AH to $7.50 vs. the 52-week range of $1.19 to $7.63.
