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January 16, 2014 06:29 pm GMT
Over the last week, we've been keeping an eye on Tencent and Alibaba as the two Chinese Internet giants ramp up their competition ahead of Alibaba's highly-anticipated IPO, which is expected to have a $100 billion valuation. Tencent has been holding its own with products like its popular messaging app WeChat, but it has taken several additional steps to strengthen its position against Alibaba, including a recent $195 million investment in a logistics firm.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DPB32Bhq9GQ/
Tencents Launches New Mobile Open Platform Initiative Ahead Of Alibabas IPO
Over the last week, we've been keeping an eye on Tencent and Alibaba as the two Chinese Internet giants ramp up their competition ahead of Alibaba's highly-anticipated IPO, which is expected to have a $100 billion valuation. Tencent has been holding its own with products like its popular messaging app WeChat, but it has taken several additional steps to strengthen its position against Alibaba, including a recent $195 million investment in a logistics firm.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DPB32Bhq9GQ/
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