Chinese social networking and gaming giant Tencent Holdings Ltd. is in talks with state-owned China Resources Group about potentially taking a stake in its retail franchise business, China Resources Vanguard. The deal discussions are still at a preliminary stage and may still fall apart, China Money Network has learned from a person with knowledge of the matter. The investment, if materialized, could be the latest for Tencent in its aggressive expansion in the retail space to rival current e-commerce leader …

Tencent In Talks To Invest In China Resources Vanguard As Retail War With Alibaba Intensifies appeared first on China Money Network.


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