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|| Chinese firm and consortium acquired stake in German firm Lilium for $90 million

tencent-germanyTencent, a Chinese investment holding company, has acquired stake in Lilium, a German firm building a flying vehicle for $90 million.

Founded in 2015 and employing 70 engineers, Lilium is developing and building the world's first fully electric vertical take-off and landing jet with an estimated range of up to 300 km - or as press like to call it: a "flying car". (Tencent subsidiaries provide media, entertainment, payment systems, smartphones, internet mobile phone value-added services and operate online advertising services in China with brands including QQ, Weixin and WeChat.)

To see a list of investors from China similar to Tencent, check the Chinese Investors Directory.

More details follows:

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