ww.nasdaq.com/article/chinas-tencent-jdcom-invest-863-mln-in-online-retailer-vipshop-20171218-00006
BEIJING, Dec 18 (Reuters) - Chinese internet giant Tencent Holdings Ltd said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd, upping its rivalry in retail with Alibaba Group Holding Ltd. Tencent will invest $604 million in exchange for a 7 percent stake in Vipshop, while e-commerce firm JD.com Inc will invest $259 million for a stake of 5.5 percent - rising from a previously undisclosed stake of roughly 2.5 percent - the two firms said in a statement...... |