Chinese tech giant Tencent Holdings Ltd has bought a stake worth nearly $250 million in Flipkart from the Walmart-controlled Indian e-commerce giant’s co-founder Binny Bansal, show filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) accessed by DealStreetAsia – DATA VANTAGE.
Tencent continues to invest in Indian companies even as the country’s government has placed various curbs to avoid Chinese investments in local businesses.