23 August 2019

Tencent buys 15% of online property-services firm, WSJ says

Tencent Holdings Ltd. has agreed to spend US$180 million to buy a 15% stake in an online real-estate-services company Leju Holdings Ltd., the Wall Street Journal reported Sunday. Leju offers services including mobile apps and payment mechanisms for real-estate buyers and property agents, the report said. The purchase of the Leju stake from E-House (China) Holdings Ltd. is Tencent’s latest acquisition in its battle against Alibaba Group Holding Ltd, it said. 

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