Tencent & JD.Com Take on Alibaba, Investing $863 Million USD in Vipshop

In a move to take on China's largest retailer, Alibaba, Tencent and JD.com plan to invest $836 million USD into Chinese discount e-commerce site Vipshop. Known for its endless list of subsidiaries, including Wechat, and being the world's leading company in high-tech and AI delivery, Tencent along with JD.com collectively gain 12.5-percent ownership of Vipshop, with plans to use cooperative strategies to achieve "win-win opportunities." Collaborative success will be reached by leveraging resource...