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.
- Law Change Would Mean No Early Release for Graft Convicts
- Missed Stop
- Local Gov'ts Allowed to Swap Extra 1.2 Tln Yuan in Loans for Cheap Bonds
- Sri Lanka Looks in the Mirror and Sees Singapore
- Signs of Progress in Using Lawsuits to Protect Consumers
- Eight Employees of Brokerage Firm Reportedly Detained
- China Needs Gov't Office for Handing Out National Awards, Lawmaker Says
- Mopping Up
- Chile Tries to Interest China in More Cherries, Less Copper
- Attacking Short Sellers Is Attacking the Messenger
- Sign up to receive our free daily newsletter
- Officials Warn Residents on Rising Danger of Cyanide Gas
- Citic Securities Bids for Door to U.S. Market
- How to Solve China's Currency Parity Puzzle?
- How General Used His Military Service to Amass Fortune
- 77-Month Low for August's Early Caixin Manufacturing PMI
- The Party Has Its Tea, but Deserves No Sympathy
- Counting the Cost of Gov't Intervention in Stock Market
- Closer Look: Who Will Pay for the Tianjin Disaster?
- Progress for Reform as Yuan Inches toward SDR
- Quantum Computing and Alibaba's Leap of Faith