China’s Tencent Holdings Ltd (HKG:0700) unveiled plans Monday to buy a 15% stake in JD.com for $215 million to take on rival e-commerce giant Alibaba.com Limited (HKG:1688). As part of the deal, Tencent plans to take another 5% after JD.com’s planned IPO. Tencent’s acquisition ahead of JD.com’s IPO As reported earlier, Tencent Holdings Ltd appointed Barclays PLC (NYSE:BCS) (LON:BARC) as an advisor for a possible purchase of a stake in JD.com Inc. The move was announced amid Tencent making heightened efforts to enhance its flagging e-commerce operations. Tencent Holdings Ltd is best known for its WeChat messaging service, which boasts…
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