Tencent invested in Yusheng Holdings.

Synopsis

Tencent invested in Yusheng Holdings, a Cayman Islands-based used automobile transaction business and operator of Taoche app and Taoche.com. Financial terms were not disclosed.

Principals

target

Yusheng Holdings

bidder

Tencent Holdings

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Market Context

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Bidder Team (2)

ma huateng

Chairman and CEO at TENCENT HOLDINGS LIMITED

Manager

bidder

123

Deals

£ 50.32 B

Total Value

qiuning (frank) sun

Partner at Latham & Watkins

Lawyer

bidder

Deals

£ 8.59 B

Total Value

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