Tencent Invests $193M In Chinese Warehouse Developer

Law360, New York (January 15, 2014, 1:48 PM EST) -- Chinese Internet giant Tencent Holdings Ltd. said Wednesday that it will invest $1.5 billion Hong Kong dollars (US$193.4 million) in China South City Holdings Ltd., a developer and operator of logistics and trade centers, as the country's booming e-commerce sector drives demand for warehousing space.

Tencent’s investment allows China South City to upgrade its online services and allow the company to expand beyond its physical logistics and trade centers to create an inter-regional wholesale trade network across China, Tencent said in a statement. As for Tencent,...
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