Chinese technology conglomerate Tencent Holdings Ltd has made an investment of $62.8 million in Walmart-controlled e-commerce company Flipkart, revealed the company’s latest regulatory filings in Singapore sourced by Paper.vc.
The infusion is most likely to be a part of the $1.2-billion round that was announced by Flipkart in July this year, which is being led by Walmart. With the fresh infusion, Tencent owns about 4-.5.3% in Flipkart Pte, the online retailer’s Singapore-based holding company, Paper.vc said.
