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Rumor: Tencent to Invest in 3C E-Commerce Site

TechWeb, 9/09/11

Chinese internet giant Tencent (0700.HK) will invest in consumer electronics e-commerce site 500CCC.com, according to an industry source. A spokesperson for the site confirmed the news, saying that a strategic partnership agreement with Tencent has indeed been reached, and both sides are now in the final stage of negotiations.

Tencent has yet to comment on its reported investment in the 3C online mall.

Editor's Note: For more information on this topic, please see "Third-Party 3C Online Mall 500CCC Launches in Beijing," MD 7/12/11 issue.

Keywords: consumer electronics e-commerce Internet investment Tencent 0700.HK 500CCC

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