Tencent Raises Stake In Chinese E-Commerce Platform To Heat Up Retail Battle With Alibaba

Tencent Mobility, a wholly-owned subsidiary of Chinese internet titan Tencent, has paid over US$43.41 million to raise its shares in the country’s online discount retailer Vipshop, as revealed by a regulatory document filed with the SEC on Thursday. The document shows that the affiliate purchased over 5.82 million American Depositary Shares (ADSs) of the New […]

Tencent Raises Stake In Chinese E-Commerce Platform To Heat Up Retail Battle With Alibaba comes originally from China Money Network. All Rights Reserved.

Read the original article: China Money Network