Tencent, Primavera to fund grocery delivery app Xingsheng Youxuan

Tencent, Primavera to fund grocery delivery app Xingsheng Youxuan

REUTERS/Aly Song

Tencent Holdings Ltd and private equity Primavera Capital are joining funding round for Chinese grocery delivery app Xingsheng Youxuan that values the startup at $3 billion, Bloomberg reported on Monday, citing people familiar with the matter.

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