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 According to The Wall Street Journal report, the operational tie-up between the Chinese social networking and gaming company Tencent Holdings Ltd and the Chinese online retailer and e-commerce firm JD.Com could create a strong competitor to Alibaba. Tencent Holdings Ltd (HKG:0700) (OTCMKTS:TCEHY)’s presence in e-commerce is small compared with…
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