CROSS INDUSTRY SYNERGY: Chinese oil giant Sinopec Corp has signed a preliminary deal with Internet company Tencent Holdings Ltd to introduce digital commerce to the retail arm the oil giant is partially privatising. — Reuters
BEIJING: Chinese oil giant Sinopec Corp has signed a preliminary deal with Internet company Tencent Holdings Ltd to introduce digital commerce to the retail arm the oil giant is partially privatising.
Sinopec said in a statement on Tuesday that it has agreed to work with Tencent, China's largest listed internet firm, in areas like mobile payment, big data services and digital navigation at its network of more than 30,000 petrol stations and over 23,000 convenience stores across China.
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