Tencent Makes USD70 Million Bet On Chinese Healthcare Social Networking

Tencent Holdings Limited is investing USD70 million into Ting Ting Group, the owner of Chinese online healthcare service community DXY.cn. Tencent gains a minority equity stake of DXY on a fully diluted and as converted basis, and the deal is expected to close soon. DXY plans to invest the capital into developing healthcare products for […]