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Posts Tagged ‘Chinas Tencent Holdings Ltd’

By Denny Thomas and Paul Carsten HONG KONG/BEIJING (Reuters) – Billionaire Jack Mas Alibaba, the dominant force in Chinas $1.6 trillion e-commerce market, may already have lost a battle with rival Tencent for the worlds biggest mobile market. While Alibaba Group Holding Ltd dominates in e-commerce, Tencent Holdings Ltd has taken over Chinas smartphone screens […]

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(Reuters) – Alibaba Group Holding Ltd, Chinas largest e-commerce firm, offered to acquire AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.45 billion. Alibaba has been trying to expand its product line-up to better compete with Chinese rivals Tencent Holdings Ltd and Baidu Inc, particularly on mobile devices. […]

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By Paul Carsten BEIJING (Reuters) – More than a billion Chinese people will celebrate the Year of the Horse on Friday and for many that means giving or receiving traditional gifts of cash-filled red envelopes called hongbao. Chinas Tencent Holdings Ltd is putting a twist on the practice with the launch last Sunday of a […]

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