Mar 11, 2014 05:57 PM

Closer Look: JD.com, Tencent Both Have to Like their Big Deal

By staff reporter Zheng Fei

(Beijing) – After much speculation, the deal is done. Tencent Holdings will buy 15 percent of China's second largest e-retailer, JD.com Inc., for US$ 215 million and give some of its e-commerce businesses to the latter.

Tencent's statement on March 10 confirmed rumors that have swirled for three weeks. Speculation of a partnership with Tencent has changed the discussion about JD.com's planned listing in the United States.

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