Tencent’s JD.com Stake To Propel Rivalry With Alibaba

Mani

Published onMarch 10, 2014

Updated on May 13, 2021

China's Tencent Holdings Ltd (HKG:0700) unveiled plans Monday to buy a 15% stake in JD.com for $215 million to take on rival e-commerce giant Alibaba.com Limited (HKG:1688). As part of the deal, Tencent plans to take another 5% after JD.com’s planned IPO.

Tencent’s acquisition ahead of JD.com’s IPO

As reported earlier, Tencent Holdings Ltd appointed Barclays PLC (NYSE:BCS) (LON:BARC) as an advisor for a possible purchase of a stake in JD.com Inc. The move was announced amid Tencent making heightened efforts to enhance its flagging e-commerce...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Tencent’s JD.com Stake To Propel Rivalry With Alibaba

Tencent’s acquisition ahead of JD.com’s IPO

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