Friday, January 17, 2014

Tencent invests US$193M to acquire 9.9% stake in China South City

To strengthen foothold in Chinese e-commerce market, Tencent has bought stake in the logistics provider; will pay HK$2.20 each for 680.3M new shares * With an aim to strengthen its foothold in the Chinese e-commerce space, Tencent Holdings has announced that it has made an investment of HK$1.5 billion (US$193.45 million) in Chinese logistics provider, Read the full article...



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