Baidu, Tencent help Chinese shopping malls take on Alibaba

PC World
Aug 29, 2014, 3:10 am192 pts
Baidu and Tencent are teaming up with a Chinese shopping mall operator in a joint venture that could steal business away from local e-commerce giant Alibaba Group. The two Internet companies are partnering with Dalian Wanda Group, a Chinese conglomerate, to spend 5 billion yuan (US$811 million) on a new…

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