Tencent Names Barclays For JD.Com Stake BuyMani
Tencent Holdings Ltd (HKG:0700) (OTCMKTS:TCEHY) has appointed Barclays PLC (NYSE:BCS) (LON:BARC) for possible purchase of a stake in JD.Com Inc., reports The Wall Street Journal.
The operational tie-up between the Chinese social networking company and the e-commerce firm could create a strong competitor to Alibaba.
Tencent Holdings: Tie-up could create competitor for Alibaba
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