Tag Archives: 58.com

Tencent to buy $736m stake in 58.com

China’s internet gaming and social media conglomerate continues its spending spree to snap-up assets in a race with rival Alibaba Asia homepage

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Tencent to buy 20 pct in 58.com for $736 mln

(Reuters) – Tencent Holdings Ltd, China's biggest listed tech firm, will buy a 20 percent stake in online classifieds company 58.com Inc for $ 736 million as the company looks to boost its presence in the e-commerce business. Tencent, known … Continue reading

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