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Tencent Takes 15% Stake In JD To Strengthen Position Against Alibaba

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http://techcrunch.com – Tencent, one of China's largest Internet services companies and the maker of WeChat, and JD.com have formed a strategic partnership. The deal can potentially boost Tencent's competitive position against rival Alibaba Group, which dominates China's fast-growing e-commerce market. Though it's much smaller than Alibaba Group, JD.com is China's second-largest e-commerce company, and made a total of… Read More (IT news)