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Tencent, JD.com close to shareholding deal: reports

English.news.cn   2014-03-08 17:42:46

 

Xinhua File Photo

BEIJING, March 8 (Xinhua) -- China's leading Internet company Tencent, and e-commerce firm JD.com may soon announce a deal in which Tencent holds a stake of about 16 percent in JD.com, according to Saturday media reports.

The two sides have basically reached the shareholding deal and may announce it on Monday, Zhengzhou Evening News reported, citing a source close to Tencent.

As well as its 16-percent stake, Tencent will transfer its e-commerce assets, including yixun.com, to JD.com to collaborate in their competition against Chinese e-commerce giant Alibaba, the newspaper said.

The deal was also confirmed by Caixin.com, a Chinese financial and business news provider.

Its report on Saturday said the 16-percent shareholding is still subject to changes before final announcements, citing several sources with knowledge of the deal.

One was quoted by Caixin.com as saying, "Sixteen percent is the minimum amount according to present negotiations. The possibility of a shareholding of more than 20 percent cannot be ruled out."

When phoned by Xinhua, spokesmen of both JD.com and Tencent declined to comment on the reports, neither did they deny the deal.

Related:

Xinhua Insight: Tencent, JD.com ally, e-business change expected

BEIJING, March 10 (Xinhua) -- Chinese Internet firm Tencent announced on Monday that it is to buy a big stake in JD.com in an attempt to break the e-commerce market domination of Alibaba.

The two companies reached an agreement that Tencent will buy a 15 percent stake in JD.com at a cost of 214.6 million U.S. dollars, before JD.com's initial public offering (IPO) in the United States, according to Tencent's statement filed with Hong Kong exchange. Full story

Tencent to buy 15 pct stake in JD.com

BEIJING, March 10 (Xinhua) -- Chinese Internet firm Tencent plans to buy a 15 percent stake in JD.com, a major online direct sales company in China, before the latter launches its initial public offering (IPO) in the United States.

The purchase, representing 251,678,637 outstanding JD ordinary shares, will cost Tencent 214.6 million U.S. dollars and its e-commerce branches, according to Tencent's statement filed with Hong Kong exchange on Monday. Full story

 

Editor: Tang Danlu
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