Tencent invests $736m in VC-backed Chinese classifieds site
Tencent Holdings will pay $736 million for a 19.9% stake in 58.com, a venture capital-backed Chinese classifieds website that went public on the New York Stock Exchange last October.
Hong Kong-listed Tencent - best known for online messaging services WeChat and QQ, as well as gaming, social networking and online payment businesses that have been launched off these platforms - has agreed...
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