Tencent and JD.com will invest around US$604 million and US$259 million respectively in Vipshop. Photo: Reuters

Tencent moves into Alibaba turf with US$863 million retail investment

Deal signals aggressive push by Tencent into online Chinese retail sector currently dominated by Alibaba’s Tmall

Topic |   Tencent

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Tencent and JD.com will invest around US$604 million and US$259 million respectively in Vipshop. Photo: Reuters
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