China's former richest man Wang Jianlin once bet Alibaba founder Jack Ma 100 million yuan ($16.3 million) that online purchases in the country would not eclipse bricks-and-mortar buys in the next decade.
China's Dalian Wanda group and Tencent said on Friday they would set up a 5 billion yuan (490.84 million pound) e-commerce joint venture with Baidu, as the firms push into the high-growth e-commerce sector.
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.
China's largest Internet company Tencent Holdings Ltd and online retailer JD.com are in talks to combine their e-commerce business, a person familiar with the matter told Reuters on Thursday, confirming earlier media ...
EBay's PayPal division will become the first foreign company to secure a payments license in China, CEO John Donahoe predicted, but the e-commerce giant is taking a cautious approach to expansion in the country.
Chinese e-commerce firm Alibaba Group acquired an 18 percent stake in web portal Sina Corp's microblogging service Weibo in its first big move into selling advertising on China's highly competitive social networks.
Alibaba Group, China's largest e-commerce company, posted a 64 percent rise in revenue in the January-March quarter and a six-fold rise in net profit, cementing its position as a key beneficiary of China's e-commerce ...