2013-03-11
Tencent Adjusts E-commerce Subsidiary Structure In China
According to an internal email reportedly sent by Bu Guangqi, chief executive officer of Tencent's e-commerce subsidiary 51buy.com, the company will implement a structural adjustment, aiming at sales of CNY15 billion to CNY20 billion in 2013. With this move, the company will establish a new e-commerce operating unit, a logistics unit, an enterprise development unit, [...]