Tencent Buys Stake In Chinese eCommerce Co Youzan
PYMNTS
APRIL 4, 2019
Tencent Holdings is buying over 1 billion shares of Hong Kong-listed eCommerce platform Youzan. Mobile banking has attracted investment from the company as well, most recently investing in German-based N26. According to DealStreetAsia , the deal will give Tencent a 6.7 percent stake in Youzan. HK ($0.068 USD) a piece.
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