JD.com

  • Tencent Takes 15% Stake In JD To Strengthen Position Against Alibaba

    Tencent Takes 15% Stake In JD To Strengthen Position Against Alibaba

    Tencent, one of China’s largest Internet services companies and the maker of WeChat, and JD.com have formed a strategic partnership. The deal can potentially boost Tencent’s competitive position against rival Alibaba Group, which dominates China’s fast-growing e-commerce market. Though it’s much smaller than Alibaba Group, JD.com is China’s second-largest… Read More