Why Alibaba Fears Tencent's Online Incursions
Alibaba Group chairman Jack Ma (left), Tencent Holdings chairman Ma Huateng (right)
(Beijing) – Tencent Holdings is using its popular social networking app WeChat to push even deeper into the e-commerce territory dominated in China by Alibaba Group.
Analysts say Tencent's latest moves have forced Alibaba, which runs the Tabao B2B and Tmall B2C shopping websites, to rethink its mobile e-commerce strategy.
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