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Tencent-led group to invest 10b yuan in menswear firm Heilan Home
Published Thu, Feb 1, 2018 · 09:50 PM
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Hong Kong
TENCENT Holdings Ltd is leading a deal to invest 10 billion yuan (S$2.09 billion) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow Internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said.
China's second-largest e-commerce company JD.com Inc and online clothing platform Vipshop Holdings Ltd will also be among the group that plans to acquire less than 10 per cent of the comp…
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