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Tencent Invests in Zhuan Zhuan

Paul, Weiss represented Tencent, a leading provider of internet value-added services in China, in its $200 million cash investment in Zhuan Zhuan, a China-based used goods trading platform operated by Under the agreement,, China’s largest online marketplace serving local merchants in consumers, will inject the Zhuan Zhuan app and other listing channels into a separate group of entities controlled by it (Zhuan Zhuan Entities), and Tencent will invest $200 million in cash and additional business resources into the Zhuan Zhuan Entities in exchange for a minority equity stake.

The Paul, Weiss team included corporate partners Judie Ng Shortell and Tong Yu.

April 20, 2017

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