Tencent Holdings Ltd (HKG:0700) and Expedia, Inc. (NASDAQ:EXPE) have invested $125.6 million into online Chinese travel service website eLong.com. Tencent put in $84.4 million for a 16% stake and Expedia put in $41.2 million to increase their stake to 56%.

Groupon has launched in China under the name Gaopeng.com. The website will initially cover Beijing and Shanghai. Tencent Holdings and Yunfeng Capital are investors in Gaopeng. Yunfeng Capital is a private equity fund started by Alibaba.com Chairman Jack Ma. Some of Gaopeng.com’s competitors include Lashou.com and Meituan.com. [Bloomberg]

Tencent is a Chinese Internet company that has invested $400 million in online U.S. gaming company Riot Games. Tencent will be getting a majority ownership in the company as a result.

Groupon is currently in talks with major Chinese Internet company Tencent to co-brand a deals website there. Normally Groupon would buy a competitor or a clone and re-brand them, but in this case it sounds like Chicago-based group coupon service is seeking something more.

Chinese Internet company Tencent has acquired Comsenz, a company that received investment from Google. Comsenz is best known for their Discuz discussion board platform and Tencent is well known for their IM service QQ. Google invested $1 million in Comsenz 2 years ago. Comsenz isn’t the only Chinese Internet company Google has invested in. Google also has equity in Xunlei and Top100. Comsenz will now operate as a Tencent subsidiary and will run independently. [paidContent]