Tencent is counting on Youzan to extent its e-commerce realm
Posted On April 10, 2019
Following yesterday’s talk about Tencent’s engagement to healthcare services, it’s reported to lead to an HKD 1 billion round of funding to the e-commerce SaaS (software as a service) provider Youzan, which is dedicated to serving offline stores with online integrated solutions. Tencent will account for approximately 6.5% of the total number of shares if the deal is completed. Its double down on enterprise-facing businesses magnifies Tencent’s resolute change on corporative structure, in an attempt to expand into more stable and profitable scopes.