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February 26, 2018 07:45 am GMT
Long-time collaborators Tencent Holdings and JD.com have each bought minority stakes in Better Life, a Chinese retail conglomerate. According to a filing made on Friday by Better Life, which is traded on the Shenzhen Stock Exchange, Tencent paid 886.9 million RMB (about $140 million) for a 6% stake, while JD.com took a 5% stake for 739.1 million RMB ($117 million). Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bNsGzth2rQM/
Tencent and JD.com each take minority stakes in Chinese retail group Better Life
Long-time collaborators Tencent Holdings and JD.com have each bought minority stakes in Better Life, a Chinese retail conglomerate. According to a filing made on Friday by Better Life, which is traded on the Shenzhen Stock Exchange, Tencent paid 886.9 million RMB (about $140 million) for a 6% stake, while JD.com took a 5% stake for 739.1 million RMB ($117 million). Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/bNsGzth2rQM/
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