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Tencent invests in Freda Biotech amid Chinese consumers' obsession with hyaluronic acid – PingWest


In early December, Tencent became the second-largest shareholder of hyaluronic acid (HA) giant Freda Biotech. The biotech leader increased its shares publicly by introducing strategic investors. After a subscription of 315-million-yuan shares, Guangxi Tencent Venture Capital, a wholly-owned …

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