×
525
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Hoshiarpur
Permanent · Hoshiarpur
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Barnala
Permanent · Barnala
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Faridkot
Permanent · Faridkot
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Kapurthla
Permanent · Kapurthala
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Koppal And Gadag
Permanent · Koppal
BHARTI AIRTEL LIMITED
Cluster Manager- Dth Sales - Rajkot
Permanent · Rajkot
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Chhatrapur
Permanent · Ganjam
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Bikaner
Permanent · Bikaner
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Thane
Permanent · Thane
BHARTI AIRTEL LIMITED
Cluster Manager- Dth Sales - Nagpur
Permanent · Nagpur
BHARTI AIRTEL LIMITED
Cluster Manager- Dth Sales - Kurnool
Permanent · Kurnool
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Amravati
Permanent · Amravati
CHOLAMANDALAM INVESTMENT & FINANCE
Area Sales Manager - (Lap / Sme)
Permanent · Kanchipuram
RELIANCE INDUSTRIES LTD
Hiring For Territory Sales Manager(Tsm)
Permanent · Khammam
RELIANCE INDUSTRIES LTD
Hiring For Territory Sales Manager(Tsm)
Permanent · Nandyala
CHOLAMANDALAM INVESTMENT & FINANCE
Regional Sales Manager - Lap / Sme
Permanent · Ahmedabad
PRIME ASSETS REALTY PRIVATE LIMITED
Sales Team Leader/ Sales Manager
Permanent · Pune
HARMONY PLASTICS PVT. LTD.
Manager / sr Manger/ dy General Manager (Production)-Udaipur
Permanent · Udaipur
ESS KAY FINCORP LIMITED
Urgently Hiring For Area Sales Manager For Vehicle Division
Permanent · Vadodara
JKM HR SOLUTIONS
Production Manager, Plastic Injection Moulding Auto, Bawal, 70k Ctc
Permanent · Rewari
By
Reuters
Published
Mar 9, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

China's Tencent may take 16 percent stake in JD.com

By
Reuters
Published
Mar 9, 2014

SHANGHAI, China - China's largest Internet company Tencent Holdings Ltd may soon announce a deal to take about a 16 percent stake in online retailer JD.com and merge their online shopping platforms, local media reported on Saturday.

JD.com, China's second-largest e-commerce company, has a nearly 13 percent market share. Any deal between two of China's largest online companies would help narrow the huge gap between e-retailers and Alibaba Group Holding Ltd, which dominates China's booming online commerce market.



Under the deal, both companies will combine their e-commerce business, with Tencent transferring its less popular e-commerce sites, including yixun.com, to JD.com, China's major business paper Caixin reported, citing unidentified company sources.

Tencent and JD.com were not immediately available for comment.

The firms may announce the deal as early as Monday, the paper said, adding that the 16 percent stake was the minimum level being discussed and Tencent could raise the shareholding in JD.com to more than 20 percent.

China's business-to-consumer e-commerce sales may surpass $180 billion (107 billion pounds) this year due to rising internet usage, expanding middle-class incomes and a better distribution network, according to New York-based market research firm eMarketer.

Tencent, Alibaba and search engine giant Baidu Inc are competing to cash in on the rising popularity of mobile internet in China.

Tencent gets the majority of its revenue from computer games, but its mobile games are also hugely popular, according to figures from domestic app stores. Tencent's WeChat social messaging app is also used by more than half of all Chinese smartphone users.

Alibaba's Tmall marketplace controls at least half of all online retail sales and its e-Bay like Taobao controls around 80 percent of consumer-to-consumer online sales, according to data from Euromonitor.

© Thomson Reuters 2021 All rights reserved.