HONG KONG, China — Tencent Holdings Ltd., China’s largest Internet company by market value, posted earnings that missed analyst estimates after boosting its e-commerce and game spending to compete against Alibaba Group Holding Ltd.
SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
HONG KONG, China — China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding, amid concerns over the security of their verification procedures.
HONG KONG, China — JD.com Inc., the Chinese retailing website that filed for a $1.5 billion U.S. initial share sale in January, may kick off its offering in the second quarter, three people with knowledge of the matter said.
HONG KONG, China — Tencent Holdings Ltd., Asia’s largest Internet company, agreed to buy a 15 percent stake in Chinese e-commerce company JD.com for $214.7 million as it steps up its challenge to Alibaba Group Holding Ltd.
HONG KONG, China — Tencent Holdings Ltd., Asia’s largest Internet company, is in talks to combine its e-commerce operations with Chinese online retailer JD.com Inc., according to two people familiar with the matter.