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| Name | Symbol | Market | Type |
|---|---|---|---|
| Tencent Holdings Ltd (PK) | USOTC:TCEHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 47.15 | 46.17 | 47.00 | 0.00 | 11:26:02 |
From May 2019 to May 2024
By Yifan Wang
Shimao Property Holdings said its property-management unit has secured a total investment of $244 million from Chinese internet giant Tencent Holdings and venture capital fund Sequoia Capital China.
Tencent invested $114 million in the subsidiary, Shimao Services Holdings, while Sequoia Capital has invested $130 million, Shimao Property said in a stock exchange filing on Thursday.
Following the investment, Shimao Services will work with Tencent to further digitalize its operations, and will be able to access Sequoia's ecosystem and community-business resources, Shimao Property said.
Global investors have become increasingly interested in China's property-management industry, which is viewed as a relatively untapped market with strong growth potential.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
May 14, 2020 05:45 ET (09:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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