Tencent has picked up more shares in the Chinese online discount sales website Vipshop, paying about $84.19 million to increase its stake in the firm from 8.7 per cent to 9.6 per cent to further boost its presence in the country’s hyper-competitive e-commerce space.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
