Tencent acquires 16% stakes in eLong for $84.4 million
Chinese online game and messaging company Tencent Holdings Ltd. acquired an approximate 16% stake in eLong Inc. for $84.4 million, Tencent said in a statement Tuesday.
Tencent, China's largest Internet company by market value, has acquired an undisclosed stake in Caixin Media, one of the country's leading financial news providers.