November 17 -- Hangzhou Shunwang Technology (300113.SZ), a supplier of online entertainment platform services and software management products used in Internet cafes, said Tencent Holdings (0700.HK) yesterday purchased 5.26 million shares, or a 3.98 percent stake, in the company at an average price of 25 yuan per share, reports China Business News, citing a company filing.

According to the filing, three individual shareholders sold a combined 5.26 million shares, accounting for a 4.73 percent stake, during the November 8-16 period.

Following the share sales, natural person Shou Jianming has 14.54 million shares, or an 11.02 percent stake, while natural persons Cheng Chen and Xu Dong each possess 3.38 million shares, with a stake of 2.56 percent each.