Chinese internet giant Tencent Holdings and private equity firm Hony Capital have bought land in Shenzen's Qianhai economic zone for RMB2.19 billion (US$351 million), according to an announcement of the Shenzhen Real Estate Trading Center. Tencent paid RMB1.55 billion (US$248.65 million) for the largest parcel of the land being auctioned, which covers 24,948 square meters. […]
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