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Tencent, JD Back Chinese Online Retailer in Battle With Alibaba - Bloomberg

Bloomberg

Tencent, JD Back Chinese Online Retailer in Battle With Alibaba
Bloomberg
Tencent Holdings Ltd. and JD.com Inc. will buy a slice of one of China's largest online retailers for $863 million, forging an alliance to take on Alibaba in e-commerce and digital payments. The pair agreed to buy shares in U.S.-listed Vipshop Holdings ...

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UPDATE 1-China's Tencent, JD.com invest $863 mln in online retailer Vipshop - Reuters

UPDATE 1-China's Tencent, JD.com invest $863 mln in online retailer Vipshop
Reuters
The deal extends a recent push by Tencent into Alibaba's home turf of retail, where the firm hopes to leverage its messaging service WeChat and its online payment systems to drive shopping demand. Martin Lau, Tencent's President, said the tie-up would ...

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Vicinity, AccorHotels ink deal for Chadstone hotel - The Australian

The Australian

Vicinity, AccorHotels ink deal for Chadstone hotel
The Australian
The announcement comes as mall landlords around the world are focusing on leisure, entertainment and dining offerings to draw shoppers looking for experiences that can't be bought online and aiming to defend their turf from online commerce giants such ...

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Tencent and JD.com to invest $863m in Chinese online retailer Vipshop - Financial Times

Tencent and JD.com to invest $863m in Chinese online retailer Vipshop
Financial Times
... giants Tencent and JD.com have agreed to invest $863m into discount online retailer Vipshop. Gaming and messaging company Tencent and ecommerce company JD.com will buy Vipshop Class A ordinary shares for $65.40 a piece, the equivalent of $13.08 per ...

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