Tencent launches China’s first private online bank
Top Chinese internet company Tencent has launched the country’s first private online bank, called WeBank after the company’s popular messaging app WeChat.
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Baidu and Tencent join Dalian Wanda to challenge Alibaba’s hold on ecommerce industry
Two of China’s largest internet companies, Baidu and Tencent, are joining with real estate conglomerate Dalian Wanda as Alibaba Group Holdings Ltd heads towards its initial offering in the US.
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