The Tencent Holdings Ltd. building stands in the Nanshan district in Shenzhen, China (Photographer: Brent Lewin/Bloomberg)

Tencent Leads $250 Million Round in Chinese Travel Site Mafengwo

(Bloomberg) -- Tencent Holdings Ltd. is leading a $250 million investment in Chinese travel site Mafengwo, expanding its footprint in a fast-growing online travel and content sphere.

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