Tencent and Alibaba are betting big on bricks-and-mortar retailing, each having purchased stakes in two different Chinese supermarket operators recently. Photo: Maggie Zhang

Yonghui shares rally to daily limit as investors cheer Tencent’s deal to buy stake in supermarket chain

Shares jump 10pc following resumption of trading on Shanghai bourse

Topic |   China stock market

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Tencent and Alibaba are betting big on bricks-and-mortar retailing, each having purchased stakes in two different Chinese supermarket operators recently. Photo: Maggie Zhang
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