Tencent invested $195 million in China South City

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Tencent, Chinese Internet giant is trying its strong hold in e-commerce market and has today, announced investment of HK$1.5 billion ($195 million) in China South City which is a logistics trade center operator. WeChat Tencent-owned messaging service which is widely popular in China will therefore be an eCommerce part of its future.

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Martin Lau, Tencent president says that the Chinese firm is looking to expand its businesses online, and thus teaming up with China South City.It will allow the company to utilize China South City’s physical locations as well as logistics capabilities, in connection with Tencent’s technology capabilities and Internet platforms.

 Tencent’s move is to cater its rival, Alibaba a Chinese e-commerce giant which recently invested $364 million into Haier Group, an electronics manufacturer seeking to extend its delivery and logistics capacity.

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