Tencent leads $250m round for Chinese travel site Mafengwo

Tencent leads $250m round for Chinese travel site Mafengwo

Chinese tourists take photographs in front of the Parthenon temple during a visit at the Acropolis archaeological site in Athens, Greece, on Wednesday, May 24, 2017. Photographer: Yorgos Karahalis/Bloomberg

Tencent Holdings Ltd. is leading a $250 million investment in Chinese travel site Mafengwo, expanding its footprint in a fast-growing online travel and content sphere.