Tencent to buy 15 pct stake in JD.com in challenge to Alibaba

Tencent to buy 15 pct stake in JD.com in challenge to Alibaba:

Tencent Holdings Ltd will buy a 15 percent stake in e-commerce firm JD.com for $214.7 million, as the two seek to challenge Alibaba Group Holding’s dominant position in online shopping in China.

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