Tencent Names Barclays For JD.Com Stake Buy

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Mani
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Tencent Holdings Ltd (HKG:0700) (OTCMKTS:TCEHY) has appointed Barclays PLC (NYSE:BCS) (LON:BARC) for possible purchase of a stake in JD.Com Inc., reports The Wall Street Journal. The operational tie-up between the Chinese social networking company and the e-commerce firm could create a strong competitor to Alibaba. Tencent Holdings: Tie-up could create competitor for Alibaba According to The Wall Street Journal report, the operational tie-up between the Chinese social networking and gaming company Tencent Holdings Ltd and the Chinese online retailer and e-commerce firm JD.Com could create a strong competitor to Alibaba. Tencent Holdings Ltd (HKG:0700) (OTCMKTS:TCEHY)’s presence in e-commerce is small compared with…

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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