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December 18, 2017 03:38 am GMT
Tencent, the internet giant that recently became Asia’s first $500 billion company, is continuing its investment spree after it agreed to buy$604 million in shares of Chinese online retailer Vipshop. The deal is being made with long-time partner JD.com, which will invest$259 million into Vipshop, which is listed on the New York Stock Exchange. That takes the total between the two to… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_ZHDFXk1Xvo/
Tencent and JD.com invest $863M into e-commerce firm Vipshop to battle Alibaba
Tencent, the internet giant that recently became Asia’s first $500 billion company, is continuing its investment spree after it agreed to buy$604 million in shares of Chinese online retailer Vipshop. The deal is being made with long-time partner JD.com, which will invest$259 million into Vipshop, which is listed on the New York Stock Exchange. That takes the total between the two to… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/_ZHDFXk1Xvo/
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