SUBSCRIBERS
Tencent to buy 5% stake in Yonghui Superstores
Add BT as a preferred sourcePublished Tue, Dec 12, 2017 · 09:50 PM
Hong Kong
CHINESE tech giant Tencent Holding Ltd plans to buy a 5 per cent stake in Yonghui Superstores, the department store operator said on Monday.
The investment will be made through an affiliate of Tencent, which also aims to take a 15 per cent stake in Yonghui Superstore Co Ltd's supply chain and logistics subsidiary via a capital increase, the retailer said in a filing to the Shanghai stock exchange.
Share with us your feedback on BT's products and services
