Tencent said to near $500m investment in Hillhouse’s healthcare arm

A sticker featuring the logo of Tencent Holdings Ltd. is seen during a news conference in Hong Kong, China, on Thursday, March 21, 2019. Photographer: Justin Chin/Bloomberg

Chinese tech powerhouse Tencent Holdings, which in recent years has taken stakes in hundreds of companies worldwide, is continuing its shopping spree with a planned $500 million investment in Hillhouse Capital’s retail pharmacy business.

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