2014-03-10
Tencent Acquires 15% Stake of JD.com For $214M
Shenzhen-based internet company Tencent Holdings Ltd is to acquire a 15% stake in Beijing-based e-commerce firm JD.com for $214.7 million, according to a joint announcement of the two companies. In an agreed strategic cooperation between the two companies, JD will acquire 100% interests in Tencent's QQ Wanggou B2C and PaiPai C2C marketplace businesses, logistics personnel […]
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