Tencent Holdings Ltd share price down, to join forces with Dalian Wanda and Baidu in a $814-million China e-commerce deal
August 30, 2014 6:54 am
Tencent Holdings Ltd, which is currently the biggest listed technology company in Asia, will collaborate with real estate giant Dalian Wanda Group and the biggest Chinese search engine – Baidu Inc to tap Chinas vast e-commerce market. The companies are joining forces in a $814-million e-commerce joint venture to challenge Alibaba Group Holding Ltd, which […] Read more