China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Tencent Buys JD.com Stake To Better Fight Alibaba's Taobao.com
Aggregated Source: ChinaTechNews.com
Talks that were rumored last month to be in action have now been confirmed as Tencent has taken a 15% stake in Chinese upstart e-commerce firm JD.com for about USD215 million. The investment puts both Tencent and JD.com in a better position to fight China's e-commerce leader Alibaba, and Alibaba's consumer trading site Taobao.com, which […]
Original URL: Click here to visit original article
Copyright ChinaTechNews.com