Tencent-led group to invest $1.6 billion in menswear firm Heilan: sources

HONG KONG (Reuters) - Tencent Holdings Ltd is leading a deal to invest 10 billion yuan ($1.59 billion) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said.



from Reuters: Technology News http://ift.tt/2BItqJN

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