Tencent purchases more than 11m shares in life services platform Meituan

Under an agreement that was signed yesterday, e-commerce and life services platform Meituan has allotted 11.35 million shares to Tencent. This will increase Tencent Subscription Shares to 0.2% of the company’s issued share capital. Prior to the deal, Tencent held a 17.3% of stake in Meituan.  The net proceeds from the agreement are estimated to … Continue reading Tencent purchases more than 11m shares in life services platform Meituan