Tencent is taking a 20% stake in the e-commerce company, which went public in October and which has raised $415m through public offerings in the past year.
China-based internet company Tencent paid $736m on Friday for a 19.9% stake in 58.com, a China-based online marketplace for sellers and customers that provides a similar service to western sites such as Craigslist or Gumtree.
58.com went public in in the US through a $187m initial public offering in October 2013, having previously raised about $140m from venture capital and private equity investors. It subsequently raised $228m follow on offering in March 2014.
In the aftermath of the March public…
