Tencent, JD.com in talks to combine e-commerce business


HONG KONG: China’s largest Internet company Tencent Holdings Ltd and online retailer JD.com are in talks to combine their e-commerce business, a person familiar with the matter told Reuters, confirming earlier media reports.

Any deal between two of China’s largest online companies would help narrow the huge gap between e-retailers and Alibaba Group Holding Ltd, which dominates China’s booming online commerce market.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Tencent , JD.com

   

Next In Business News

Buyout proposal for Anglo American could reshape copper market
AI memory boom propels SK Hynix’s numbers
Ford profit up on sales of commercial vehicles
Wall St set to open lower as Meta Platforms, economic data weigh
Al-’Aqar REIT aims to acquire yield-accretive properties from KPJ Healthcare
Samenta wants micro enterprises to be exempted from e-invoicing
Pantech seeks Main Market listing for subsidiaries via SPV
Inta Bina secures RM224.80mil contract for serviced apartment project
UMediC transfers to Main Market
Ringgit closes marginally higher against US dollar

Others Also Read