Tencent to pick up a 19.5% stake in Chinese medical device maker Xunjie for $41m

Tencent to pick up a 19.5% stake in Chinese medical device maker Xunjie for $41m

Photo: REUTERS/Jason Lee/File Photo

A subsidiary of Tencent Holdings is planning to invest almost 291 million yuan ($41.5 million) in Jiangsu Xunjie Medical Technology, an emergency medical aid firm, in the latest deal made by the Chinese tech giant despite its recent exits from a range of portfolio companies.