Tencent eyes e-commerce presence

Mainland internet firm Tencent said it will spend HK$1.5 billion to expand its integrated logistics and e-commerce capabilities through the purchase of a 9.9 per cent stake in Hong Kong-listed warehousing and trade centre operator China South City Holdings.

via Business feed http://www.scmp.com/business/china-business/article/1406502/tencent-eyes-e-commerce-presence