Chinese gaming and social media giant Tencent has pumped $62.8 million into Flipkart’s $1.2 billion investment round, according to regulatory filings made by the Walmart-owned ecommerce company in Singapore. The filings, sourced from Paper.vc, showed that Tencent owns about 4-.5.3% in Flipkart Pte, the online retailer’s Singapore-based holding company.
Tencent invests $62.8 million in Flipkart amid anti-China sentiment
Date posted: Thursday 17 September 2020