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Home»Posts tagged with»Vipshop Holdings

Tencent and JD.com step up their challenge to Alibaba with Vipshop deal

By Newsroom on December 18, 2017   Latest, Marketing, News  

Tencent and JD.com step up their challenge to Alibaba with Vipshop deal

Tencent Holdings and JD.com will buy a slice of one of China’s largest online retailers for $863m, forging an alliance to take on Alibaba in e-commerce and digital payments. The pair agreed to buy shares in US-listed Vipshop Holdings at a premium of 55% to their previous close. The deal comes with a business co-operation pact that […]

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