Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking.

China South City Holdings has gained 64 per cent since January 15, when Tencent bought into the company and struck a co-operation agreement with it. Photo: Reuters

Tencent raises stake in mall operator

Shares of mall and logistics park operator China South City Holdings rose 4.6 per cent after internet giant Tencent exercised an option to buy 244.8 million of its shares for HK$822.5 million.