Tencent Holdings Ltd. is reported to have lead a RMB10 billion (US$1.59 billion) deal to invest in Chinese menswear group Heilan Home Co Ltd., the latest in a string of investments in the brick-and-mortar retail space by Tencent as it competes with e-commerce giant Alibaba.  Chinese retailer JD.com and online discount retailer Vipshop Holdings Ltd. (NYSE:VIPS), both backed by Tencent, also participate in a deal to acquire less than 10% of Heilan Home’s publicly traded shares for RMB5 billion (US$794 …

Tencent Reported To Lead $1.59B Investment In Chinese Menswear Group Heilan Home appeared first on China Money Network.


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