Tencent to consider bid for US$3 billion AS Watson stake, as rival Alibaba shows interest

//Tencent to consider bid for US$3 billion AS Watson stake, as rival Alibaba shows interest

Tencent to consider bid for US$3 billion AS Watson stake, as rival Alibaba shows interest

Chinese internet giant Tencent Holdings is weighing a bid for part of Temasek Holdings’ stake in global retailer AS Watson Group, people with knowledge of the matter said.The Singapore state investment company is considering selling around a 10 per cent stake in the world’s largest health and beauty retail group for about US$3 billion, according to the people, who asked not to be identified because the information is private. That is just under half of its 25 per cent holding.Shenzhen-based…

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By | 2019-03-20T09:10:22+00:00 March 20th, 2019|Technology|Comments Off on Tencent to consider bid for US$3 billion AS Watson stake, as rival Alibaba shows interest