China's Tencent plans to buy 5% stake in retail chain Yonghui Superstores

China's Tencent plans to buy 5% stake in retail chain Yonghui Superstores

REUTERS/Aly Song

Chinese tech giant Tencent Holding Ltd plans to buy a 5 percent stake in Yonghui Superstores, the department store operator said on Monday, in the latest push by China’s internet giants into offline retail.

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