Internet portal Tencent has invested a further $100m in China-based online listings platform 58.com, increasing its stake to around 24%, according to an SEC filing on Monday.
Tencent paid $736m in June for a 19.9% stake in 58.com, which went public in a $187m initial public offering in October 2013.
Tencent planned at the time of its June investment to integrate 58.com’s service, which is similar to that offered by Craigslist, into instant messaging service WeChat, as well as its own messaging service, QQ IM.