Talks that were rumored last month to be in action have now been confirmed as Tencent has taken a 15% stake in Chinese upstart e-commerce firm JD.com for about USD215 million. The investment puts both Tencent and JD.com in a better position to fight China's e-commerce leader Alibaba, and Alibaba's consumer trading site Taobao.com, which […]


Visit the original source and full text: ChinaTechNews.com