Tencent invests in ecommerce logistics
The Chinese ecommerce market continues to be a whirlwind of activity. The latest appears to come from Internet company, Tencent, creator of WeChat and QQ messaging services.
Tencent announced a USD $195m investment in China South City, a 9.9% stake with an option to raise its stake to 13% over the next two years.
- According to the press release, the two companies will collaborate on:
- E-commerce: China South City will utilize Tencent’s Internet technology in its construction of the China South City e-commerce platform to serve small and medium enterprises and to help enterprises develop their own online transaction businesses.
- Outlet Services: Explore opportunities for co-operation with respect to online outlet services for branded goods by leveraging China South City’s resources with respect to physical outlet services for branded goods and Tencent’s e-commerce platform.
- Online and Offline Integration: Collaborate to develop China South City’s retail business to provide an integrated online and offline retail service experience through Tencent’s platform.
- Online Payment: Collaborate to provide Tencent’s online payment services to China South City’s tenants and customers.
- Warehousing and Logistics: Collaborate in the planning of joint warehousing facilities and logistics arrangements for e-commerce businesses