China's Tencent to buy 15 percent stake in JD
(MENAFN) China's Tencent, an internet firm, is planning to purchase a 15 percent stake in a major online direct sales company in the country, Xinhua reported
Tencent is planning for the stake purchase in JD.com before it launches its initial public offering (IPO) in the US
The 15 percent stake represents more than 250 million shares in JD at an estimated cost of USD214.6 million
Tencent is planning for the stake purchase in JD.com before it launches its initial public offering (IPO) in the US
The 15 percent stake represents more than 250 million shares in JD at an estimated cost of USD214.6 million
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