Tencent Holdings Ltd. and JD.com Inc. plan to invest US$140 million and US$117 million respectively for minority stakes in Chinese retail chain Better Life Commercial Chain Share Co., Ltd., in the latest transaction after a string of deals in the retail and e-commerce sector for the pair. Including the newest investment revealed in a regulatory filing yesterday, Tencent and JD.com have been involved in deals worth over US$3.5 billion in total in the past three months in the retail sector, …

Tencent, JD.Com To Invest $257M In Chinese Retail Chain Better Life In Continued Offensive To Alibaba appeared first on China Money Network.


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