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JD.com

Tencent to Take Stake in JD.com to Challenge Alibaba

Tencent has agreed to pay $214.7 million for a 15 percent stake in JD.com, the companies announce late Sunday. JD.com is China’s second-largest e-commerce company behind Alibaba, which controls nearly 80 percent of China’s internet shopping market. As part of the deal, Tencent agreed to buy an additional 5 percent stake in JD.com after it completes a planned $1.5 billion ... Read More »

JD.com – Jingdong Mall

JD.com or Jingdong Mall (Chinese: 京东商城; pinyin: Jīngdōng Shāngchéng), formerly 360Buy, is a Chinese electronic commerce company headquartered in Beijing. It is one of the largest B2C online retailers in China by transaction volume.[4] Its English website, for worldwide shipping, launched on October 18, 2012. The company was founded by Liu Qiangdong (a.k.a. Richard Liu) in July 1998, and its B2C platform went online in 2004. It started as an online magneto-optical store, but soon diversified, ... Read More »