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 More

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Asia [+]    Vipshop [+]    New York Stock Exchange [+]   

More #news: