E-Tailing
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Tencent and JD.com each take minority stakes in Chinese retail group Better Life
Tencent Holdings and JD.com are buying minority stakes in Chinese retailer Better Life Commercial Chain Share. A Tencent subsidiary is paying RMB886.9 million (US$140 million) for a 6 per cent shareholding, while a JD.com subsidiary is paying RMB739.1 million…